Tourmaline Bio Leases Office Space At 27 W 24th St, New York
27 W 24th St, New York, NY, 10010
Building Size
3,500 SF
Asset Type
Office
Closing
Sep 19, 2022
About this deal
AI
The office property located at 27 W 24th St, New York, NY, 10010, is a 3,500 square feet space situated in the New York market. The lease for this property was finalized on 09/19/2022 between the tenant, Tourmaline Bio, and the landlord, MJ Orbach Associates. The tenant's representative in this transaction was Zachary Azus from JLL.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Specified
- Tenant: Tourmaline Bio
- Landlord: MJ Orbach Associates
- Square Feet: 3500
- Tenant's Rep: Zachary Azus(JLL)
The deal involved the company Tourmaline Bio securing a lease for the office space. Representing the tenant, Zachary Azus from JLL facilitated the transaction, connecting Tourmaline Bio with MJ Orbach Associates, the landlord of the property.
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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