Olmstead Properties Leases Office Space To Curacity At 36 West 20th Street For $57/SF
36 West 20th Street
$57
$57/SF
Building Size
5,254 SF
Asset Type
Office
Closing
Mar 24, 2025
About this deal
AI
The property involved in this transaction is an office asset located at 36 West 20th Street in the New York market. The lease was finalized on March 24, 2025, with a total area of 5,254 square feet. The rent per square foot for this lease is set at $57.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 36 West 20th Street
- Market: New York
- Landlord: Olmstead Properties
- Tenant: Curacity
- Landlord's Representative: Daniel Breiman (Olmstead Properties)
- Rent/SF: $57
- Square Feet: 5,254
This transaction involves key individuals such as Daniel Breiman, representing the landlord, Olmstead Properties, and Curacity, the tenant occupying the leased office space. Additional details about the transaction include the explicitly defined lease agreement without any additional provisions mentioned.
On the Map
$57
$57/SF
Office
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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
278298.25%
Cash-on-Cash
-79538.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93