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
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