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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Adams & Company
- Tenant: Laforce PR
- Brokers: JD Cohen, Ariel Hardwood, & William G Cohen - Newmark
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.
On the Map
$49
$49/SF
Office
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Players
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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