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
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