Parcl Leases 3,000 SF Office Space At 30 E. 23rd St. In Madison Square Park. Matthew DeRose, Eva Shih & William Janetschek Brokered The Deal
30 East 23rd Street, New York City, New York 10010, United States
Building Size
3,000 SF
Asset Type
Office
Closing
Aug 31, 2022
AI
Parcl, a tenant in Madison Square Park, has recently leased an office space located at 30 E. 23rd St. The lease transaction was facilitated by Matthew DeRose and William Janetschek, representatives from Nomad Group, who acted as the tenant's brokers. On the landlord's side, Eva Shih from Savillis represented Icon Management, the landlord of the property. The lease was finalized on September 1, 2022. The office space spans approximately 3,000 square feet and the asking rent was set at $83 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: Lease
- Address: 30 E. 23rd St.
- Market: Madison Square Park
- Tenant: Parcl
- Tenant's Representative: Matthew DeRose and William Janetschek - Nomad Group
- Landlord: Icon Management - Zach Levine
- Landlord's Representative: Eva Shih - Savillis
- Asking Rent: $83/ft.
- Square Footage: 3,000
The lease transaction at 30 E. 23rd St. involves Parcl, a tenant represented by Matthew DeRose and William Janetschek from Nomad Group. On the landlord's side, Icon Management was represented by their representative, Eva Shih from Savillis. This lease marks a significant move for Parcl as they secure office space in Madison Square Park. The terms of the lease, including the size of the office space and the asking rent, were successfully negotiated by the involved parties.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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