Barclays Services Corporation Leases 26,405 SF Office To Serval Inc. In Flatiron District
43 West 23rd Street
Building Size
26,405 SF
Asset Type
Office
Closing
Sep 25, 2026
About this deal
AI
The property asset involved in this transaction is an office located at 43 West 23rd Street in the Flatiron District, encompassing a total area of 26,405 square feet. The lease type executed is a Single Net Lease with Barclays Services Corporation as the landlord, while Serval Inc. is designated as the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 43 West 23rd Street
- Market: Flatiron District
- Landlord: Barclays Services Corporation
- Tenant: Serval Inc.
- Tenant's Representative: Howard Hersch, Steven Rotter, Aaron Ellison, Derek Feinman & Travis Milone - Newmark
The transaction involves several key representatives, specifically Howard Hersch, Steven Rotter, Aaron Ellison, Derek Feinman, and Travis Milone from Newmark, who are the representatives for the tenant, Serval Inc., in this lease transaction.
On the Map
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93