Fred Astaire Dance Studios Leases Office Space In Chelsea At 548 West 28th Street
548 West 28th Street, Manhattan, New York, NY, USA
Building Size
3,311 SF
Asset Type
Office
Closing
May 11, 2021
About this deal
AI
An office space located at 548 West 28th Street in Chelsea has recently been leased. The transaction took place on 05/12/2021 and involved the following details:
Summary of transaction details
- Property Type: Office
- Asking Rent: $49/ft.
- Square Footage: 3,311
- Address: 548 West 28th Street
- Market: Chelsea
The tenant who secured the lease is Fred Astaire Dance Studios. The landlord in this agreement is Pinetree Group. Representing the tenant in the transaction was Alex Furst from Watch Hill Real Estate.
Traded’s record for 548 West 28th Street, Manhattan, New York, NY, USA in New York, New York covers a office lease from 2021. Published size for 548 West 28th Street, Manhattan, New York, NY, USA is 3,311 square feet. Alexander (Alex) Furst, Fred Astaire, Watch Hill Real Estate appear on the lease alongside Watch Hill Real Estate. This page is the New York, New York file for the 548 West 28th Street, Manhattan, New York, NY, USA office leased: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else leased near 548 West 28th Street, Manhattan, New York, NY, USA around 2021. Cite this Fred Astaire Dance Studios Leases Office Space In Chelsea At 548 West 28th Street lease when underwriting similar office product around New York, New York.
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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