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19 West 21st Street

Bendheim Glass Signs Single Net Lease For Office Space At 19 West 21st Street In Flatiron
LEASEDOffice

Bendheim Glass Signs Single Net Lease For Office Space At 19 West 21st Street In Flatiron

19 West 21st Street

$35

$35/SF

Building Size

2,570 SF

Asset Type

Office

Closing

Nov 28, 2023

AI

The office space located at 19 West 21st Street in the Flatiron market has been leased. The property, measuring 2,570 square feet, was leased by Bendheim Glass. The landlord, Ashok Mehra, represented by Avery Reavill from Okada & Company, agreed to the terms of the lease. The tenant was represented by Daniel Jayson from Greye Inc. and Douglas Elliman. The lease type for this transaction is a Single Net Lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 19 West 21st Street
  • Market: Flatiron
  • Landlord: Ashok Mehra
  • Tenant: Bendheim Glass
  • Landlord's Rep: Avery Reavill - Okada & Company
  • Tenant's Rep: Daniel Jayson - Greye Inc.; Douglas Elliman
  • Asking Rent: $35/ft
  • Lease Type: Single Net Lease
  • Square Footage: 2,570

In this deal, Daniel Jayson from Greye Inc. and Douglas Elliman represented the tenant, Bendheim Glass. Their expertise in the market and negotiation skills were essential in finalizing the lease agreement. Avery Reavill from Okada & Company served as the landlord's representative, ensuring that the terms of the lease were favorable for Ashok Mehra.

Players

Daniel Jayson

Douglas Elliman

Broker

$3.1M

vol

3 deals

Broker
MP
Mehra PropertiesLandlord

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

453228.57%

Cash-on-Cash

-129534.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93