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

Updated Dec 4, 2024

Flyby Media Leases 3300 Square Feet At 27 W 24th St New York From Kaufman Organization
LEASEDOffice

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

Nick Zarnin

Savills

Broker

3 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

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

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