Ram Padil Leases Entire 12th Floor Office At 18 West 27th Street From Alfons Kim

The asset involved in this transaction is an office space located at 18 West 27th Street in the NoMad market. The entire 12th floor encompasses 3,700 square feet and is leased at an asking rent of $50 per square foot. The lease is a modified gross lease with a term of 10 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $185,000
• Landlord: Alfons Kim
• Tenant: Ram Padil
• Tenant's Representative: Matthew Fernandez & Gavin Pollack - OpenKey™
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Note from Tenant's Rep: Evertrue Salon is moving to their new NYC headquarters with brand new treatment rooms.

Matthew Fernandez and Gavin Pollack represented the tenant, Evertrue Salon, in securing this new space to accommodate their growing business needs. The representation facilitated a seamless transition as their previous space was nearing expiration, leading to the necessity for a new location that offers ample treatment rooms and impressive views of the Empire State Building.