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28-40 West 23rd Street

Updated Oct 27, 2026

LEASEDOffice

Ramp Expands Office Lease At 28-40 West 23rd Street In Flatiron District For 175,000 SF

28-40 West 23rd Street

Building Size

175,000 SF

Asset Type

Office

Closing

Oct 27, 2026

About this deal

AI

The transaction involves a lease for office space located at 28-40 West 23rd Street in the Flatiron District of Manhattan. The property has a total size of 175,000 square feet. The landlord for this asset is Michael Cohen from Williams Equities.

Summary of transaction details:

Ramp expanded its office footprint at the 28-40 West 23rd Street complex, increasing its total space to 460,300 square feet. The transaction was facilitated by a team of representatives from both Colliers and CBRE, representing the landlord and tenant respectively.

On the Map

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Office

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Players

Andrew Roos

Colliers

Broker

5 deals

Broker
Michael Cohen

Michael Cohen

Williams Equities

Landlord

$60M

vol

11 deals

Landlord
Eric Glyman

Eric Glyman

Ramp

Tenant

7 deals

Tenant
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Brooklyn 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

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