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20 W 22nd St, New York, NY,...

The Information Leases Office Space At 20 W 22nd St In New York
LEASEDOffice

The Information Leases Office Space At 20 W 22nd St In New York

20 W 22nd St, New York, NY, 10010

Building Size

5,830 SF

Asset Type

Office

Closing

Jun 15, 2022

AI

The leased office space located at 20 W 22nd St, New York, NY, 10010, in the bustling market of New York, spans a total of 5830 square feet. The tenant, The Information, secured this prime office location from the landlord, ABS Partners Real Estate, in a recent transaction dated 06/15/2022. The tenant was represented by Oded Nachmani from Current Real Estate Advisors.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: The Information
  • Landlord: ABS Partners Real Estate
  • Square Feet: 5830
  • Tenant's Representative: Oded Nachmani (Current Real Estate Advisors)

The involvement of Oded Nachmani from Current Real Estate Advisors as the tenant's representative highlights the key individuals in this lease transaction. This collaboration between the tenant, The Information, and the landlord, ABS Partners Real Estate, facilitated the acquisition of a strategically located office space to meet the tenant's business needs, signifying a successful deal in the New York market.

Players

Oded Nachmani

Current Real Estate Advisors

Broker

16 deals

Broker
ABS Real Estate Partners
ABS Real Estate PartnersLandlord

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