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515 West 20th Street

Justin Amirian Leases 5,763 SF Office Space To 2Way Interactive Inc In Chelsea For 5 Years
LEASEDOffice

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

Michael Segerman

Current Real Estate Advisors

Broker

$8.6M

vol

27 deals

Broker
Current Real Estate Advisors
Current Real Estate AdvisorsBrokerage

Justin Amirian

Landlord

$38M

vol

3 deals

Landlord

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