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50 West 23rd Street

MSQ Partners Leases 38,273 Square Feet At 50 West 23rd Street In Flatiron District
LEASEDOffice

MSQ Partners Leases 38,273 Square Feet At 50 West 23rd Street In Flatiron District

50 West 23rd Street

$70

$70/SF

Building Size

38,273 SF

Asset Type

Office

Closing

Sep 9, 2025

AI

The asset involved in the transaction is located at 50 West 23rd Street in Manhattan's Flatiron District. This office space spans 38,273 square feet, with an asking rent set at $70 per square foot for a long-term lease arrangement.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $70/ft
  • Lease Term: 10 years
  • Landlord: Jed Walentas - Two Trees Management
  • Tenant: Aaron Lang - MSQ Partners
  • Broker: Aidan Campbell - Colliers

The lease agreement was facilitated by Aidan Campbell from Colliers, representing the interests of MSQ Partners. This transaction showcases the commitment of Two Trees Management to provide substantial office space options in a competitive market environment.

Players

Aidan Campbell

Colliers

Broker

6 deals

Broker
Colliers
ColliersBrokerage

Jed Walentas

Two Trees Management

Landlord

$72.8M

vol

8 deals

Landlord
Two Trees Management
Two Trees ManagementLandlord

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93