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157 West 18th Street

Sent Inc. Leases Office Space At 157 West 18th Street In Chelsea Manhattan
LEASEDOffice

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:

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

Eric Siegel

LSL Advisors

Broker

$96M

vol

56 deals

Broker
LSL Advisors
LSL AdvisorsBrokerage
CBRE
CBREBrokerage

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