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
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