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23 W 18th St, New York, NY,...

Kaufman Organization Leases 37650 Square Feet At 23 W 18th St New York To Tenant's Rep Cushman & Wakefield
LEASEDOffice

Kaufman Organization Leases 37650 Square Feet At 23 W 18th St New York To Tenant's Rep Cushman & Wakefield

23 W 18th St, New York, NY, 10011

Building Size

37,650 SF

Asset Type

Office

Closing

Feb 24, 2022

AI

The property asset involved in the transaction is located at 23 W 18th St, New York, NY, 10011, within the New York market. The total square footage of the property is 37,650.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 23 W 18th St, New York, NY, 10011
  • Market: New York
  • Square Feet: 37,650
  • Landlord: Kaufman Organization
  • Tenant's Representatives: Douglas Regal - Cushman & Wakefield, Emilie Goldman, Jamie Katcher

The deal involves key participants including the Kaufman Organization, serving as the landlord, and the team from Cushman & Wakefield representing the tenant, which consists of Douglas Regal, Emilie Goldman, and Jamie Katcher. Their roles were crucial in facilitating the lease transaction.

Players

Jamie Katcher

Brookfield Properties

Broker

14 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
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