Chelsea Lighting Expands Office Lease To 13,868 Square Feet At 225 West 34th Street
225 West 34th Street
Building Size
13,868 SF
Asset Type
Office
Closing
Mar 17, 2026
AI
The property asset involved in this transaction is located at 225 West 34th Street in Midtown Manhattan. It is an office space with a total area of 13,868 square feet. The lease has been established for a period of 10 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 10-year lease
- Landlord: Jay Futersak - Circle Realty
- Tenant: Chelsea Lighting
- Broker: Joseph D’Apice - CBRE
Jay Futersak represents the landlord, Circle Realty, while Joseph D’Apice represents the tenant, Chelsea Lighting. Chelsea Lighting is expanding its office space, increasing from 7,000 to 13,868 square feet at Circle Realty’s 14 Penn Plaza.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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