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
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