Flyby Media Leases 3300 Square Feet At 27 W 24th St New York From Kaufman Organization
27 W 24th St, New York, NY, 10010
Building Size
3,300 SF
Asset Type
Office
Closing
Sep 15, 2015
About this deal
AI
The property involved in this transaction is located at 27 W 24th St, New York, NY, 10010, within the New York market. It encompasses a total area of 3,300 square feet, leased by Flyby Media. The landlord for this property is the Kaufman Organization.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 27 W 24th St, New York, NY, 10010
- Market: New York
- Square Feet: 3,300
- Tenant: Flyby Media
- Landlord: Kaufman Organization
- Tenant's Representatives: Andrew Margolin (Newmark Grubb Knight Frank), Jonathan Franzel (Newmark)
The Kaufman Organization has signed a total of 12 new tenants at the same location. Other tenants include Chermayeff & Geismar & Haviv’s shared space with Rivkin-Weisman P.C., which occupies 5,500 square feet, and Meetey and Flatiron 23rd Street Partnership, both taking 2,100 square feet. Shamir Shah Design and Stocktwits each signed for 1,800 square feet, while Rhapsody Music & Cinema committed to 1,300 square feet. Ian Norris, Grant Greenspan, and Aron Orbach represented the Kaufman Organization in-house on all the deals.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse New York office leases on Traded.
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