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20 West 22nd Street, New Yo...

TheInformation Leases Office Space At 20 West 22nd Street In Chelsea
LEASEDOffice

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

Brandon Charnas

Current Real Estate Advisors

Broker

$1.6M

vol

21 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