Solil Management Leases 5000 SF Office Space At 32 E 23rd St New York For $250/SF
32 E 23rd St, New York, NY, 10010
$250
$250/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Oct 3, 2016
AI
The property involved in this lease transaction is located at 32 E 23rd St, New York, NY, 10010, within the New York market. The total square footage of the property is 5000, with a rent rate of $250 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 32 E 23rd St, New York, NY, 10010
- Market: New York
- Square Feet: 5000
- Rent/SF: 250
- Landlord: Solil Management
- Landlord's Rep: Harrison Abramowitz-Newmark Grubb Knight Frank, Jason Pruger-Newmark
- Tenant: Not disclosed
This lease transaction involved key representatives such as Harrison Abramowitz and Jason Pruger from Newmark Grubb Knight Frank, who acted on behalf of the landlord, Solil Management. The specifics regarding the tenant were not disclosed.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93