Rob Cavicchio Leases Office Space To Soss House At 25 East 21st Street In Flatiron
25 East 21st Street
$50
$50/SF
Building Size
4,500 SF
Asset Type
Office
Closing
Sep 21, 2025
AI
The property asset involved in this transaction is an office space located at 25 East 21st Street, situated in the Flatiron market of Manhattan. It encompasses a total area of 4,500 square feet with an asking rent of $50 per square foot. The lease term is established for 6 years under a Modified Gross Lease structure.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $50/ft
- Lease Term: 6 Years
- Lease Type: Modified Gross Lease
- Landlord: Rob Cavicchio
- Tenant: Soss House
- Brokers: Christopher Okada, Avery Reavill & Xavier Newton - Okada & Company
The transaction involves Rob Cavicchio as the landlord and Soss House as the tenant, with representation by brokers Christopher Okada, Avery Reavill, and Xavier Newton from Okada & Company, highlighting the collaborative efforts in facilitating this lease agreement.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93