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22 West 19th Street, New Yo...

CHEQ Leases Office Space At 22 West 19th Street In Flatiron, New York
LEASEDOffice

CHEQ Leases Office Space At 22 West 19th Street In Flatiron, New York

22 West 19th Street, New York City, New York 10011, United States

Building Size

4,970 SF

Asset Type

Office

Closing

Jan 1, 2022

AI

The office space located at 22 West 19th Street in the Flatiron district of New York has been leased. The leasing transaction took place on January 1, 2022, and the tenant is CHEQ. The office space, measuring approximately 4,970 square feet, is owned by the Kaufman Organization and they were represented by Luis Ramirez and Matthew DeRose from Nomad Group. William Landsberg from Kaufman represented the tenant during the leasing process.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: January 1, 2022
  • Address: 22 West 19th Street, Flatiron, New York
  • Market: Flatiron, New York
  • Landlord: Kaufman Organization
  • Tenant: CHEQ
  • Tenant's Representative: William Landsberg - Kaufman
  • Landlord's Representatives: Luis Ramirez & Matthew DeRose - Nomad Group
  • Asking Rent: $65/ft.
  • Square Footage: 4,970

The lease for the office space at 22 West 19th Street is a significant transaction in the Flatiron district of New York. CHEQ, the tenant, will benefit from the strategic location and amenities provided by the office space. The leasing process was facilitated by William Landsberg from Kaufman, who negotiated on behalf of the tenant, and Luis Ramirez and Matthew DeRose from Nomad Group, who represented the Kaufman Organization.

Players

Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker
Kaufman Organization
Kaufman OrganizationLandlord

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