Thras.io Inc. Leases Office Space At 259 West 30th Street In Chelsea
259 West 30th Street, Manhattan, New York, NY, USA
Building Size
10,100 SF
Asset Type
Office
Closing
May 26, 2020
AI
An office space located at 259 West 30th Street in Chelsea has been leased. The property, spanning 10,100 square feet, was leased by Thras.io Inc. The landlord, MJ Orbach Associates, facilitated the lease transaction. The leasing agents involved in the deal were Daniel Lolai and Joel Kubie from SLAdvisors, as well as David Opper and Eddie Sisca from BRE. The asking rent for the space was $54 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Thras.io Inc.
- Landlord: MJ Orbach Associates
- Brokers: Daniel Lolai & Joel Kubie (SLAdvisors), David Opper & Eddie Sisca (BRE)
- Asking Rent: $54/ft.
- Square Footage: 10,100
Thras.io Inc. has leased an office space at 259 West 30th Street in Chelsea. The leasing agents, Daniel Lolai and Joel Kubie, represented the tenant in the deal through their agency, SLAdvisors. In addition, David Opper and Eddie Sisca from BRE played a role as brokers. The lease transaction was facilitated by MJ Orbach Associates, the landlord of the property.
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