Reciprocal Ventures Leases Office Space At 24 W 25th St, New York
24 W 25th St, New York, NY, 10010
Building Size
5,530 SF
Asset Type
Office
Closing
Mar 27, 2020
AI
The office located at 24 W 25th St, New York, NY, 10010, in New York, consists of 5530 square feet and was leased on 03/27/2020. The tenant, Reciprocal Ventures, secured this space in a deal facilitated by their representatives, Nick Masi and Troy Elias from Cushman & Wakefield. The landlord of the property is Savanna Realty.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Reciprocal Ventures
- Tenant's Representatives: Nick Masi and Troy Elias from Cushman & Wakefield
- Landlord: Savanna Realty
- Market: New York
- Address: 24 W 25th St, New York, NY, 10010
- Square Feet: 5530
The lease agreement for the office at 24 W 25th St was successfully negotiated by Nick Masi and Troy Elias of Cushman & Wakefield, acting as the tenant's representatives, ensuring that Reciprocal Ventures secured the ideal space for their operations. Savanna Realty, the landlord, facilitated the deal with professionalism and efficiency, resulting in a mutually beneficial agreement for all parties involved.
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