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26 West 17th Street

Faire Leases 20000 Square Feet Office At 26 West 17th Street From Winter Properties
LEASEDOffice

Faire Leases 20000 Square Feet Office At 26 West 17th Street From Winter Properties

26 West 17th Street

Building Size

20,000 SF

Asset Type

Office

Closing

Mar 27, 2025

AI

The property asset involved in this transaction is an office space located at 26 West 17th Street, New York City. The asset covers a total area of 20,000 square feet and is part of the New York City market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Disclosed
  • Address: 26 West 17th Street
  • Market: New York City
  • Square Feet: 20,000.0
  • Tenant: Faire
  • Landlord: Winter Properties
  • Brokers: David Stockel (CBRE), Conor Krup (CBRE), Taylor Walker (CBRE), Jeffrey (Jeff) Fischer (CBRE)

This lease transaction was facilitated by a team of brokers from CBRE, including David Stockel, Conor Krup, Taylor Walker, and Jeffrey (Jeff) Fischer. They played a significant role in representing the interests of the tenant, Faire, and the landlord, Winter Properties, throughout the leasing process.

Players

Conor Krup

CBRE

Broker

10 deals

Broker
WP
Winter PropertiesLandlord

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