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

Even Financial Leases 11935 Square Feet At 50 W 23rd St From Two Trees Management Company
LEASEDOffice

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

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:

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.

Players

Dennis Someck

Lee & Associates

Broker

26 deals

Broker
Two Trees Management
Two Trees ManagementBrokerage
Two Trees Management
Two Trees ManagementLandlord

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