Morning Brew Leases Office Space At 22 West 19th Street In Chelsea
22 West 19th St., New York City, New York 10011, United States
Building Size
37,650 SF
Asset Type
Office
Closing
Feb 27, 2022
AI
A lease transaction has taken place in Chelsea, specifically at 22 West 19th Street. The asset in question is an office space, covering a total square footage of 37,650. The property was leased by the tenant, Morning Brew, represented by lexLieb and AustinRief. On the landlord side, the Kaufman Organization, represented by Sam Stein and Michael Heaner, facilitated the lease deal. The asking rent for the space was $65 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 22 West 19th Street
- Market: Chelsea
- Tenant: Morning Brew
- Tenant's Representatives: lexLieb and AustinRief
- Landlord: The Kaufman Organization
- Landlord's Representatives: Sam Stein and Michael Heaner
- Asking Rent: $65 per square foot
- Square Footage: 37,650
The lease deal at 22 West 19th Street was negotiated by Doug Regal and Jamie Katcher, who served as the brokers for both the tenant and the landlord in this transaction. They played a crucial role in facilitating the lease and ensuring that both parties reached mutually agreeable terms.
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