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155 W 23rd St, New York, NY...

Ripple Leases 6,933-Square-Foot Office Space At 155 W 23rd St, New York
LEASEDOffice

Ripple Leases 6,933-Square-Foot Office Space At 155 W 23rd St, New York

155 W 23rd St, New York, NY, 10011

Building Size

6,933 SF

Asset Type

Office

Closing

Jan 19, 2018

AI

The office space leased by Ripple is located at 155 West 23rd Street in New York, NY, 10011. The property spans 6,933 square feet and is situated in the Chelsea neighborhood. The landlord in this transaction is the Kaufman Organization.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant: Ripple
  • Market: New York
  • Landlord's Rep: Sebastian Infante
  • Investors: Google Ventures, Seagate, Standard Chartered, CME Ventures, Accenture, Andreessen Horowitz

Ripple, a blockchain technology company, is the tenant involved in this lease agreement. The office leased by Ripple is part of the 155 West 23rd Street property owned by the Kaufman Organization in Chelsea. Notably, the company's investors include prominent names such as Google Ventures, Seagate, Standard Chartered, CME Ventures, Accenture, and Andreessen Horowitz.

Players

Sebastian Infante

Broker

5 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

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