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53 West 23rd Street

Laforce PR Leases Office Space At 53 West 23rd Street In Flatiron District
LEASEDOffice

Laforce PR Leases Office Space At 53 West 23rd Street In Flatiron District

53 West 23rd Street

$49

$49/SF

Building Size

16,909 SF

Asset Type

Office

Closing

Jun 17, 2024

AI

Located at 53 West 23rd Street in the Flatiron District, the office property was leased to Laforce PR under a Modified Gross Lease. The property spans 16,909 square feet with an asking rent of $49 per square foot.

Summary of transaction details:

JD Cohen, Ariel Hardwood, and William G Cohen from Newmark served as the brokers in this lease transaction. Adams & Company acted as the landlord, and Laforce PR secured the tenancy for the office space in the vibrant Flatiron District.

Players

JD Cohen

Newmark

Broker

$14.8M

vol

13 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

323734.69%

Cash-on-Cash

-92524.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93