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259 West 30th Street, Manha...

Thras.io Inc. Leases Office Space At 259 West 30th Street In Chelsea
LEASEDOffice

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

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker
Meyer Orbach

Meyer Orbach

Orbach Associates

Landlord

$3.3B

vol

31 deals

Landlord
OA
Orbach AssociatesLandlord

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