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22 West 27th Street

MBLM Signs 7-Year Lease For Office Space At 22 W 27th St In Nomad With Landlord Singh Equities And Tenant's Rep Charles Shamash - Norman Bobrow
LEASEDOffice

MBLM Signs 7-Year Lease For Office Space At 22 W 27th St In Nomad With Landlord Singh Equities And Tenant's Rep Charles Shamash - Norman Bobrow

22 West 27th Street

$45

$45/SF

Building Size

6,000 SF

Asset Type

Office

Closing

Oct 1, 2022

AI

The recently closed lease transaction in Nomad involved an office space located at 22 W 27th Street. The property spans 6,000 square feet and was leased for a term of 7 years. The asking rent for the space was $45 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not applicable
  • Address: 22 W 27th St
  • Market: Nomad
  • Landlord: Singh Equities - Tajinder Pal Singh Malik
  • Tenant: MBLM
  • Landlord's Representative: Matthew DeRose, William Janetschek & Luis Ramirez - Nomad Group
  • Tenant's Representative: Charles Shamash - Norman Bobrow

The lease transaction was facilitated by Matthew DeRose, William Janetschek, and Luis Ramirez of Nomad Group, serving as the landlord's representatives, and Charles Shamash of Norman Bobrow, acting as the tenant's representative.

Players

Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 deals

Broker

Lorain 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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93