Young Woo Leases Office Space To Pura Vida Investments At 545 West 25th Street In Chelsea
545 West 25th Street
$90
$90/SF
Building Size
4,095 SF
Asset Type
Office
Closing
Sep 1, 2026
About this deal
AI
The office asset located at 545 West 25th Street in the Chelsea market comprises a total square footage of 4,095 and has been leased at an asking rent of $90 per square foot. The lease agreement is structured as a Single Net Lease with a term of 5 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $90/ft
- Lease Term: 5 Years
- Lease Type: Single Net Lease
- Landlord: Young Woo
- Tenant: Pura Vida Investments
- Landlord's Representative: Michael Segerman - Current Real Estate Advisors
- Tenant's Representative: Lance Leighton - Spaces Commercial Real Estate
This transaction highlights key individuals involved, including Michael Segerman representing the landlord, Young Woo, and Lance Leighton representing the tenant, Pura Vida Investments. The distinct roles of both representatives facilitated the successful lease agreement within the Chelsea market.
On the Map
$90
$90/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Michael Segerman to view all their deals.
Browse New York office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93