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
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