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30 E 23rd St, New York, NY ...

Updated Oct 28, 2024

Parcl Signs Lease For 3,000 SF Office Space At 30 E. 23rd St. In Madison Square Park
LEASEDOffice

Parcl Signs Lease For 3,000 SF Office Space At 30 E. 23rd St. In Madison Square Park

30 E 23rd St, New York, NY 10010, USA

Building Size

3,000 SF

Asset Type

Office

Closing

Sep 1, 2022

About this deal

AI

The office property located at 30 E. 23rd St. in Madison Square Park has been leased. The tenant, Parcl, has agreed to occupy the space. The transaction was facilitated by tenant representatives Matthew DeRose and William Janetschek from Nomad Group and landlord representative Eva Shih from Savillis. The asking rent for the 3,000 square feet office is $83 per square foot.

Summary of Transaction Details:

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 30 E. 23rd St.
  • Market: Madison Square Park
  • Tenant: Parcl
  • Tenant's Rep: Matthew DeRose & William Janetschek - Nomad Group
  • Landlord: Icon Management - Zach Levine
  • Landlord's Rep: Eva Shih - Savillis
  • Asking Rent: $83/ft.
  • Square Footage: 3,000

This lease deal showcases the involvement of key individuals and companies. Parcl, a tenant in need of office space, leased the property located at 30 E. 23rd St. The negotiations were handled by Matthew DeRose and William Janetschek from Nomad Group, who represented Parcl in the deal. On the other side, Zach Levine from Icon Management served as the landlord, while Eva Shih from Savillis acted as the landlord's representative. The successful lease agreement demonstrates the collaboration between these parties to secure a suitable office space for the tenant.

Players

IM
Icon ManagementLandlord
P
ParclTenant

New York Office Market Snapshot

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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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