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30 West 21st Street

Authentic Leases Office Space At 30 West 21st Street With Landlord Steven Mashaal
LEASEDOffice

Authentic Leases Office Space At 30 West 21st Street With Landlord Steven Mashaal

30 West 21st Street

$50

$50/SF

Building Size

5,361 SF

Asset Type

Office

Closing

Mar 30, 2025

AI

The property asset involved in the transaction is an office located at 30 West 21st Street in the Flatiron District, with a total square footage of 5,361. The asking rent for the lease is set at $50 per square foot and the lease term is for 5 years, structured as a modified gross lease.

Summary of transaction details:

The deal includes key individuals such as Steven Mashaal representing the landlord and Authentic as the tenant. The tenant's representation was provided by Nicholas Hein and William Janetschek, while the brokers handling the transaction are David Greene and Megan Gallagher, all affiliated with Nomad Group.

Players

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 deals

Broker

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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93