Titan Leases 4,125 SF Office Space At 36 East 20th Street For $80/ft In Flatiron District
36 East 20th Street
$80
$80/SF
Building Size
4,125 SF
Asset Type
Office
Closing
Jul 9, 2026
AI
The property asset involved in this transaction is an office space located at 36 East 20th Street in the Flatiron District. The lease type is a Modified Gross Lease with an asking rent of $80 per square foot for a total of 4,125 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $80/ft
- Square Footage: 4,125
- Address: 36 East 20th Street
- Market: Flatiron District
- Tenant: Titan
- Landlord's Representative: Samuel Friedfeld & Steven Marvin - Olmstead Properties
- Tenant's Representative: Eric Siegel & Chery Anavian - LSL Advisors
This lease transaction involved key representatives including Samuel Friedfeld and Steven Marvin representing the landlord, Olmstead Properties, while the tenant, Titan, was represented by Eric Siegel and Chery Anavian from LSL Advisors. Their involvement highlights the collaborative effort in securing this office lease in a prominent market area.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93