Even Financial Leases 11935 Square Feet At 50 W 23rd St From Two Trees Management Company
50 W 23rd St, New York, NY, 10010
Building Size
11,935 SF
Asset Type
Office
Closing
Feb 25, 2021
About this deal
AI
The property involved in this lease transaction is located at 50 W 23rd St, New York, NY, 10010, within the New York market. The space encompasses a total of 11,935 square feet, catering to the tenant's needs.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Even Financial
- Landlord: Two Trees Management Company
- Tenant's Representative: Justin Myers, Dennis Someck - Lee & Associates
This lease transaction highlights the role of Two Trees Management Company as the landlord and the involvement of Justin Myers and Dennis Someck from Lee & Associates representing the tenant, Even Financial, in this deal.
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