NYU Langone Health Leases Office Space At 52 West 22nd Street, Manhattan
52 West 22nd Street
Building Size
5,508 SF
Asset Type
Office
Closing
Mar 5, 2024
AI
The office space at 52 West 22nd Street in Manhattan's Flatiron District, spanning 5,508 square feet, was leased by The Empathy Project from landlord Kaufman Organization. The lease was secured at an asking rent of $85 per square foot, with Cushman & Wakefield's RJ Johns and Michael Matthias representing the tenant, and Grant Greenspan and Will Landsberg representing the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 52 West 22nd Street
- Market: Manhattan
- Landlord: Grant Greenspan & Will Landsberg - Kaufman Organization
- Tenant: The Empathy Project
- Brokers: Michael Matthias & RJ Johns - Cushman & Wakefield
NYU Langone Health's lease of the office space at 52 W. 22nd St. was facilitated by Cushman & Wakefield's RJ Johns and Michael Matthias for the tenant, with Grant Greenspan and Will Landsberg representing the landlord in-house at Kaufman Organization.
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