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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93