TheInformation Leases Office Space At 20 West 22nd Street In Chelsea
20 West 22nd Street, New York, NY, USA
Building Size
2,822 SF
Asset Type
Office
Closing
Aug 18, 2021
AI
An office space located at 20 West 22nd Street in Chelsea has been leased. The property, measuring 2,822 square feet, was leased by the tenant, TheInformation, a news publication. The lease was facilitated by Oded Nachmani and Brandon Charnas from Current Real Estate, who represented the tenant. The landlord, ABS Partners Real Estate, was represented by Robert Finkelstein.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 20 West 22nd Street
- Market: Chelsea
- Tenant: TheInformation
- Tenant's Representative: Oded Nachmani & Brandon Charnas from Current Real Estate
- Landlord: ABS Partners Real Estate
- Landlord's Representative: Robert Finkelstein
The lease was completed on 08/18/2021, with an asking rent of $55 per square foot.
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