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205 West 28th Street

GDSNY Leases Office Space To Injective Labs At 205 West 28th Street In Chelsea
LEASEDOffice

GDSNY Leases Office Space To Injective Labs At 205 West 28th Street In Chelsea

205 West 28th Street

$112

$112/SF

Building Size

8,685 SF

Asset Type

Office

Closing

Nov 1, 2024

AI

The property asset involved in this transaction is located at 205 West 28th Street in the Chelsea market. This office space is available under a Modified Gross Lease, with an asking rent of $112 per square foot, encompassing a total of 8,685 square feet.

Summary of transaction details:

The deal was facilitated by a team of brokers representing both the landlord and tenant, highlighting the collaborative efforts in securing this lease agreement. The landlord was represented by a team from Cushman & Wakefield, while the tenant's interests were managed by Platinum Properties.

Players

Steven Evans

Platinum Commercial

Broker

$36.1M

vol

47 deals

Broker

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

141633.93%

Cash-on-Cash

-40479.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93