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15 West 28th Street

Janine Nina Trevens Of Tada! Youth Theater Renews 10,000 SF Lease In Midtown South
LEASEDOffice

Janine Nina Trevens Of Tada! Youth Theater Renews 10,000 SF Lease In Midtown South

15 West 28th Street

Building Size

10,000 SF

Asset Type

Office

Closing

Nov 4, 2025

AI

The lease involved is for an office space located at 15 West 28th Street in the Midtown South market. The total square footage of the property is 10,000, with the tenant renewing the lease for at least five more years at a rate of $50 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $500,000
  • Address: 15 West 28th Street
  • Market: Midtown South
  • Landlord: East Coast Management LLC
  • Tenant: Janine Nina Trevens - Tada! Youth Theater
  • Landlord Representative: David Eshaghpour - East Coast Management
  • Tenant Representative: Josh Berger - Norman Bobrow & Company

East Coast Management LLC represented the landlord in this transaction, while Norman Bobrow & Company acted on behalf of the tenant, Tada! Youth Theater. Tada! will continue to hold classes and performances in its longstanding space following the lease renewal.

Players

Josh Berger

Norman Bobrow & Company

Broker

4 deals

Broker
Norman Bobrow & Company
Norman Bobrow & CompanyBrokerage

New York 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93