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50 W 23rd St, New York, NY,...

TheSkimm Leases 22000 Square Feet At 50 W 23rd St New York From Grovo With Representatives Kenneth Zakin And Christie Bennet
LEASEDOffice

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

Robert Tunis

Colliers

Broker

3 deals

Broker

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