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
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