EvolutionIQ Leases 5500 Square Feet At 27 W 24th St New York From MJ Orbach Associates
27 W 24th St, New York, NY, 10010
Building Size
5,500 SF
Asset Type
Office
Closing
Sep 19, 2022
About this deal
AI
The property involved in this transaction is located at 27 W 24th St, New York, NY, 10010, in the New York market. The leased space encompasses 5,500 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 5,500
- Tenant: EvolutionIQ
- Landlord: MJ Orbach Associates
- Tenant's Representative: Christopher Foerch (Savills)
The deal features EvolutionIQ as the tenant, occupying the space with representation by Christopher Foerch from Savills. The landlord involved in this transaction is MJ Orbach Associates.
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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