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27 W 24th St, New York, NY,...

Fyllo Leases 5371 Square Feet At 27 W 24th St New York From MJ Orbach Associates
LEASEDOffice

Fyllo Leases 5371 Square Feet At 27 W 24th St New York From MJ Orbach Associates

27 W 24th St, New York, NY, 10010

Building Size

5,371 SF

Asset Type

Office

Closing

Jan 17, 2023

AI

The property involved in this transaction is located at 27 W 24th St, New York, NY, 10010. It consists of 5,371 square feet and is part of the New York market.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Address: 27 W 24th St, New York, NY, 10010
  • Market: New York
  • Landlord: MJ Orbach Associates
  • Tenant: Fyllo
  • Landlord's Rep: Joseph Sipala (JLL)

This lease transaction includes key individuals and entities such as Fyllo, the tenant, and MJ Orbach Associates, the landlord. Joseph Sipala of JLL acted as the representative for the landlord during this transaction.

Players

Joseph Sipala
Verified Badge

Joseph Sipala

JLL

Broker

8 deals

Broker

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