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52 West 22nd Street

NYU Langone Health Leases Office Space At 52 West 22nd Street, Manhattan
LEASEDOffice

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

Michael Mathias

Cushman & Wakefield

Broker

11 deals

Broker

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