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
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