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:
- 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.
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