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Verse Medical Leases Office Space In Chelsea Manhattan From AFIAA

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LEASED
$48
Daniel Lolai
Jordy Elardo
+ 1

New York

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Office10,000 SF
Leased 05/02/2024
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Property Image
LEASED

Verse Medical Leases Office Space In Chelsea Manhattan From AFIAA

158 West 27th Street

See Similar Deals
Office10,000 SF
Leased 05/02/2024
Daniel Lolai
Jordy Elardo
+ 1
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$48
Total Square Footage:10,000 SF
Transaction Type:Lease

The office property located at 158 West 27th Street in Chelsea, Manhattan, has been leased in a transaction involving the landlord, AFIAA, and the tenant, Verse Medical. The space comprises 10,000 square feet, with an asking rent of $48 per square foot. The lease type for this transaction is a Modified Gross Lease.

Summary of transaction details:

The tenant, Verse Medical, was represented by Jordy Elardo from Colliers International, while the landlord, AFIAA, was represented by Daniel Lolai and Eric Siegel from LSL Advisors in collaboration with Michael Thomas from Colliers International.

Players

Daniel Lolai
91 deals$211.9M volume
BROKER

Eric Siegel
LSL Advisors
56 deals$96M volume(732) 615-8506
BROKER


Details

LEASED
IMAGE: Daniel Lolai, Eric Siegel, Jordy Elardo & Michael Thomas DATE: 05/02/2024 ADDRESS: 158 West 27th Street MARKET: Chelsea, Manhattan ASSET TYPE: Office LANDLORD: AFIAA TENANT: Verse Medical LANDLORD'S REP: Daniel Lolai (@DanLolai) & Eric Siegel (@EricSiegelll) - LSL Advisors (@LSLAdvisors); Michael Thomas - Colliers International (@ColliersInternational) TENANT'S REP: Jordy Elardo - Colliers International ASKING RENT: $48/ft ~ SF: 10,000 LEASE TYPE: Modified Gross Lease JordyElardo

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Deal Type
Effective Rent (Annual)

$550,266.21

Total Lease Value

$5,502,662.07

Net Landlord Cash Flow$550,266.21