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
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.
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