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
About this deal
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.
On the Map
Office
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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