E.l.f. Beauty Signs 10-Year Lease For 39000 SF Office At 16 West 22nd Street
16 West 22nd Street
Building Size
39,000 SF
Asset Type
Office
Closing
Aug 27, 2024
About this deal
AI
The property involved in this transaction is an office space located at 16 West 22nd Street in Manhattan's Flatiron District. It has a total square footage of 39,000 and is owned by Meysar Realty Corp.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 10 years
- Landlord: Meysar Realty Corp
- Tenant: E.l.f. Beauty
- Landlord's Representative: Barbara Yagoda - GFP Real Estate
- Tenant's Representative: Jonathan Schindler - Cushman & Wakefield
E.l.f. Beauty entered into a 10-year lease for the office space, with the transaction facilitated by Jonathan Schindler from Cushman & Wakefield representing the tenant and Barbara Yagoda from GFP Real Estate representing the landlord, Meysar Realty Corp.
On the Map
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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