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Ramp Leases 132000 Square Feet Office Space At 40 West 23rd Street In Flatiron District
LEASED
+ 3
New York
See Similar DealsOffice132,000 SF
Leased 10/01/2024
LEASED
Ramp Leases 132000 Square Feet Office Space At 40 West 23rd Street In Flatiron District
40 West 23rd Street
See Similar DealsOffice132,000 SF
Leased 10/01/2024
+ 3
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:132,000 SF
Transaction Type:Lease
The property asset involved in the transaction is an office space located at 40 West 23rd Street in the Flatiron District, consisting of 132,000 square feet. The landlord for this transaction is Michael Cohen from Williams Equities, while the tenant is Eric Glyman from Ramp.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Landlord: Michael Cohen - Williams Equities
- Tenant: Eric Glyman - Ramp
- Landlord's Representative: Andrew Roos, Charles (Mac) Roos, Jessica Verdi & Michael Cohen - Colliers
- Tenant's Representative: Michael Mathias & RJ Johns - Cushman & Wakefield
The deal involved the fintech company Ramp signing a long-term lease for the office space, which marks a significant extension and expansion of its office footprint, doubling the space with a 66,000-square-foot addition.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$7,566,160.35
Total Lease Value
$75,661,603.46
Net Landlord Cash Flow$7,566,160.35
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