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30 East 23rd Street, New Yo...

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
LEASEDOffice

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

Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 deals

Broker
IM
Icon ManagementLandlord
P
ParclTenant

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