Sent Inc. Leases Office Space At 157 West 18th Street In Chelsea Manhattan
157 West 18th Street
$98
$98/SF
Building Size
4,609 SF
Asset Type
Office
Closing
Jun 22, 2025
AI
The property asset involved in the transaction is an office space located at 157 West 18th Street in Chelsea, Manhattan. The asset encompasses a total square footage of 4,609. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 157 West 18th Street
- Market: Chelsea, Manhattan
- Landlord: Caspi Development
- Tenant: Sent, Inc.
- Landlord's Representative: Neil King, Maxwell Tarter & Kelly Tipton - CBRE
- Tenant's Representative: Eric Siegel & Chery Anavian - LSL Advisors
The deal was facilitated by the involvement of multiple key individuals representing both the landlord and the tenant. Neil King, Maxwell Tarter, and Kelly Tipton from CBRE represented the landlord, while Eric Siegel and Chery Anavian from LSL Advisors represented the tenant. Their roles were crucial in navigating the terms of the lease agreement.
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
161867.35%
Cash-on-Cash
-46262.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93