Otto Brand Lab Leases 5000 Square Feet Office Space At 25 W 26th St New York
25 W 26th St, New York, NY, 10010
Building Size
5,000 SF
Asset Type
Office
Closing
Oct 2, 2022
AI
The property involved in this transaction is an office space located at 25 W 26th St, New York, NY, 10010. This asset encompasses a total floor area of 5,000 square feet within the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Undisclosed
- Tenant: Otto Brand Lab
- Landlord: Undisclosed
- Tenant's Representative: Richard Plehn & Woody King - Lee & Associates
This transaction highlights the involvement of Otto Brand Lab as the tenant. The landlord's identity remains undisclosed, and the brokerage firm representing the tenant is Lee & Associates, with Richard Plehn and Woody King acting as the representatives in 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93