Botanica Inc. Leases Office Space At 247 W. 30th St. In Chelsea, NYC
247 West 30th Street, New York City, New York 10001, United States
Building Size
3,100 SF
Asset Type
Office
Closing
Jun 21, 2022
About this deal
AI
An office space located at 247 W. 30th St. in Chelsea, Manhattan has been leased. The property, measuring approximately 3,100 square feet, was leased by Botanica Inc. The lease transaction was facilitated by Jimmy Ishay from Gotham Holdings, representing the tenant, and Chris Okada and Thomas Capuano from Okada & Company, representing the landlord SYU Properties. The asking rent for the space was $32 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Date: June 22, 2022
- Address: 247 W. 30th St., Chelsea, Manhattan
- Tenant: Botanica Inc.
- Tenant's Representative: Jimmy Ishay - Gotham Holdings
- Landlord: SYU Properties
- Landlord's Representatives: Chris Okada & Thomas Capuano - Okada & Company
- Asking Rent: $32 per square foot
- Leased Space: Approximately 3,100 square feet
If you are interested in filling vacancies or have any further inquiries, please contact Chris Okada or follow @ChrisOkada on Instagram. Note: Follow @ChrisOkada for current vacancies.
Players
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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