facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

16 West 22nd Street

Sussex Publishers Secures 6-Year Lease For Office Space In Flatiron District At 16 West 22nd Street
LEASEDOffice

Sussex Publishers Secures 6-Year Lease For Office Space In Flatiron District At 16 West 22nd Street

16 West 22nd Street

$83

$83/SF

Building Size

3,285 SF

Asset Type

Office

Closing

Nov 27, 2023

AI

Sussex Publishers, the owner of Psychology Today, has secured a six-year lease for a 3,285-square-foot office space at 16 West 22nd Street in the Flatiron District. The space was leased from Barbara Yagoda, who represents GFP Real Estate. The asking rent for the property was $83 per square foot, resulting in a total lease value of approximately $273,255.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $273,255
  • Address: 16 West 22nd Street
  • Market: Flatiron District

Doug Rice, from Rice & Associates, represented Sussex Publishers in this lease transaction.

Players

Doug Rice

Rice & Associates

Broker

3 deals

Broker
GFP Real Estate
GFP Real EstateLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

191120.48%

Cash-on-Cash

-54622.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93