Bizzabo Leases 30471 Square Feet At 50 W 23rd St, New York Through Jacob Stern Of Savills
50 W 23rd St, New York, NY, 10010
Building Size
30,471 SF
Asset Type
Office
Closing
Dec 23, 2021
AI
The lease involves a property located at 50 W 23rd St, New York, NY, 10010, in the New York market. The total square footage of this property is 30,471 sq ft.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 50 W 23rd St, New York, NY, 10010
- Market: New York
- Tenant: Bizzabo
- Landlord: Two Trees Management Company
- Tenant's Representative: Jacob Stern - Savills
The transaction showcases the involvement of Bizzabo as the tenant, with Jacob Stern from Savills representing them. The landlord, Two Trees Management Company, plays a key role in facilitating this leasing 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