TheSkimm Leases 22000 Square Feet At 50 W 23rd St New York From Grovo With Representatives Kenneth Zakin And Christie Bennet
50 W 23rd St, New York, NY, 10010
Building Size
22,000 SF
Asset Type
Office
Closing
Oct 3, 2017
AI
The lease at 50 W 23rd St, New York, NY, 10010, involves TheSkimm as the tenant occupying 22,000 square feet. The property is located in the New York market and is owned by Grovo.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 50 W 23rd St, New York, NY, 10010
- Tenant: TheSkimm
- Landlord: Grovo
- Square Feet: 22,000
- Tenant's Representatives: Kenneth Zakin-Newmark Grubb Knight Frank, Christie Bennet-Newmark Grubb Knight Frank
- Landlord's Representative: Eric Ferriello
The transaction involved key representatives from Newmark Grubb Knight Frank, specifically Kenneth Zakin and Christie Bennet representing TheSkimm. Eric Ferriello represented Grovo in this lease agreement.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93