Orbital Leases 11,185 Square Feet At Kaufman Organization's 40 West 25th Street In Manhattan
40 West 25th Street
Building Size
11,185 SF
Asset Type
Office
Closing
Sep 9, 2026
About this deal
AI
The property asset involved in this transaction is an office space with a total square footage of 11,185. It is located at 40 West 25th Street within the Manhattan market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 40 West 25th Street
- Market: Manhattan
- Landlord: Kaufman Organization
- Tenant: Orbital
- Landlord's Representative: Grant Greenspan & Michael Kaufman - Kaufman Organization
- Tenant's Representative: Valentin Stobetsky & Evan Margolin - JLL
Orbital, an AI platform catering to real estate attorneys, signed a lease for the entire sixth floor at the address mentioned, transitioning from its temporary office at 18 West 18th Street.
On the Map
Office
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Players
New York Office Market Snapshot
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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