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
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