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155 West 23rd Street

Spade Data Leases 6,933 Square Feet At 155 West 23rd Street In Chelsea
LEASEDOffice

Spade Data Leases 6,933 Square Feet At 155 West 23rd Street In Chelsea

155 West 23rd Street

Building Size

6,933 SF

Asset Type

Office

Closing

Apr 24, 2026

AI

The property asset involved in this transaction is an office space located at 155 West 23rd Street in Chelsea, Manhattan. The leased space occupies 6,933 square feet on the fourth floor of the building. This lease marks the first new deal for the property since it was reintroduced to the market in late 2025.

Summary of transaction details:

This transaction involved key representatives from both sides, with Michael Joseph, Clint Dewey, and Aidan Campbell representing the landlord through Colliers, while Sebastian Infante, Emilie Goldman, and Jamie Katcher represented the tenant, Spade Data, through JLL.

Players

Jamie Katcher

Brookfield Properties

Broker

14 deals

Broker
ML
MC Real Estate Partners LLCLandlord
SD
Spade DataTenant

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