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:
- Property Type: Office
- Transaction Amount: $50/ft
- Address: 30 West 21st Street
- Market: Flatiron District
- Lease Term: 5 Years
- Lease Type: Modified Gross Lease
- Landlord: Steven Mashaal
- Tenant: Authentic
- Tenant's Representatives: Nicholas Hein & William Janetschek - Nomad Group
- Brokers: David Greene & Megan Gallagher - Nomad Group
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
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