20 West 22nd Street Associates Leases 2298 Square Feet At 20 W 22nd St New York
20 W 22nd St, New York, NY, 10010
Building Size
2,298 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved in this lease transaction is located at 20 W 22nd St, New York, NY, 10010. The total square footage of the property is 2,298. It is situated in the New York market and is owned by 20 West 22nd Street Associates.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 20 W 22nd St, New York, NY, 10010
- Square Feet: 2,298
- Market: New York
- Landlord's Representative: Earle Altman, Gregg Schenker - ABS Partners Real Estate, Jason Blankfein - Cushman & Wakefield
- Landlord: 20 West 22nd Street Associates
The lease transaction features prominent representatives, with Earle Altman and Gregg Schenker from ABS Partners Real Estate, alongside Jason Blankfein from Cushman & Wakefield handling the landlord's representation. This collaboration highlights the involvement of experienced professionals in facilitating the leasing process for the landlord, 20 West 22nd Street Associates.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93