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14 West 23rd Street

Khan's Tutorial Leases Office Space At 14 W. 23rd St. In Flatiron With Landlord's Rep Steven Politis - Pan Brothers Associates
LEASEDOffice

Khan's Tutorial Leases Office Space At 14 W. 23rd St. In Flatiron With Landlord's Rep Steven Politis - Pan Brothers Associates

14 West 23rd Street

$80

$80/SF

Building Size

2,000 SF

Asset Type

Office

Closing

Sep 1, 2022

AI

The office space located at 14 W. 23rd St., 2nd floor in the Flatiron market has been leased. The landlord, Pan Brothers Associates, has entered into a lease agreement with Khan's Tutorial. The space spans approximately 1,800 square feet and was leased at an asking rent of $80 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Date: 09/01/2022
  • Address: 14 W. 23rd St., 2nd floor
  • Market: Flatiron
  • Landlord: Pan Brothers Associates
  • Tenant: Khan's Tutorial
  • Landlord's Rep: Steven Politis - Pan Brothers Associates
  • Asking Rent: $80/ft.
  • SF: 1,800

Steven Politis from Pan Brothers Associates represented the landlord in this lease transaction.

Players

Steven Politis

Broker

9 deals

Broker

West Alexandria Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93