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80 8th Avenue

SceniX Leases 5,914 Square Feet Office Space At 80 8th Avenue Chelsea Manhattan
LEASEDOffice

SceniX Leases 5,914 Square Feet Office Space At 80 8th Avenue Chelsea Manhattan

80 8th Avenue

Building Size

5,914 SF

Asset Type

Office

Closing

Dec 9, 2025

AI

The property involved in this transaction is an office space located at 80 8th Avenue, Chelsea, Manhattan. The total square footage of the leased space is 5,914, and it occupies the entire 17th floor of the building. The transaction has secured the tenant space in a market known for its tech- and creative-driven tenant mix.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 80 8th Avenue
  • Market: Chelsea, Manhattan
  • Landlord: Brian Steinwurtzel & Eric Gural - GFP Real Estate
  • Tenant: William O'Farrell - SceniX
  • Landlord's Representative: Matthew Mandell - GFP Real Estate
  • Tenant's Representatives: Dennis Someck & Justin Myers - Lee & Associates

SceniX, an AI robotics platform, has signed a five-year lease, marking a significant commitment to the 17th-floor office space. The landlord representatives, Matthew Mandell from GFP Real Estate, along with tenant representatives Dennis Someck and Justin Myers from Lee & Associates, played pivotal roles in facilitating this lease agreement.

Players

Dennis Someck

Lee & Associates

Broker

26 deals

Broker
GFP Real Estate
GFP Real EstateLandlord

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