facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

206 West 23rd Street, New Y...

Updated Oct 28, 2024

SS Productions Inc. Leases Office Space At 206 West 23rd Street In Chelsea
LEASEDOffice

SS Productions Inc. Leases Office Space At 206 West 23rd Street In Chelsea

206 West 23rd Street, New York, NY 10011

Building Size

2,500 SF

Asset Type

Office

Closing

Jul 29, 2020

About this deal

AI

SS Productions Inc. has leased an office space located at 206 West 23rd Street in Chelsea. The property, measuring 2,500 square feet, has been fully occupied after four months of its owners calling Okada & Company to handle the leasing. The asking rent for the space was $45 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 07/29/2021
  • Address: 206 West 23rd Street
  • Market: Chelsea
  • Tenant: SS Productions Inc.
  • Landlord: Dynasty 23rd Street - Young Choi
  • Landlord's Representative: Christopher Okada & Hiro Iwata - Okada & Company
  • Asking Rent: $45/ft.
  • Square Footage: 2,500

Christopher Okada and Hiro Iwata from Okada & Company represented the landlord, Dynasty 23rd Street - Young Choi, in this lease deal. The successful lease of the property has resulted in the building being fully occupied, overcoming a previous 60% vacancy rate caused by the pandemic. The owners express their confidence in the future of New York City and emphasize the importance of maintaining a positive mindset and staying focused on closing deals.

Players

Christopher Okada

Okada & Company

Broker

$352.8M

vol

87 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Deal FAQ

Visit Hiro Iwata to view all their deals.

Browse New York office leases on Traded.

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

More Deals

Nearby Markets