Justin Amirian Leases 5,763 SF Office Space To 2Way Interactive Inc In Chelsea For 5 Years
515 West 20th Street
$42
$42/SF
Building Size
5,763 SF
Asset Type
Office
Closing
Jun 10, 2025
AI
The property asset involved is an office space located at 515 West 20th Street in Chelsea, Manhattan, comprising a total square footage of 5,763. The asset was leased at an asking rent of $42 per square foot under a single net lease for a term of 5 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $241,986
- Address: 515 West 20th Street
- Market: Chelsea, Manhattan
- Landlord: Justin Amirian
- Tenant: 2Way Interactive Inc
- Landlord's Representative: Michael Segerman & Roy Abraham - Current Real Estate Advisors
- Tenant's Representative: Jack Tobin & Ben Levy - Adams & Company
This transaction was facilitated by key representatives from both sides, with Michael Segerman and Roy Abraham representing the landlord and Jack Tobin and Ben Levy representing the tenant. The collaboration among these individuals and their respective agencies played a crucial role in finalizing the lease 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
377690.48%
Cash-on-Cash
-107945.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93