Kriss Capital Finds the “Goldilocks” Office at 153 West 27th Street

Building

153 West 27th Street

Lease Term

2 + Years

Lease Type

Sublease & Direct Lease Extension

Delivery Condition

Turnkey

The Challenge

Kriss Capital, focused on providing first-mortgage loans to residential developers, had spent years searching for the right office space. Their previous lease offered a rare combination of a competitive rent and flexible terms, making relocation a difficult decision.

To justify a move, the firm needed what they internally described as the “Goldilocks space”, an office that was exactly right across several key factors. Any potential location had to match or exceed the value they were already receiving.

Kriss Capital’s requirements included:

Cost-efficient space with high-quality finishes
A convenient location close to their previous office to minimize disruption for employees and clients
Flexible renewal options to support future growth and stability

These criteria significantly narrowed the field of viable options. For years, none of the spaces they reviewed offered the right balance of quality, price, and flexibility.

The Solution

The opportunity finally emerged at 153 West 27th Street. The available suite initially came to market as a sublease with approximately three years remaining on the term. While the space checked several boxes, including location, quality, and layout, the asking price initially placed it outside Kriss Capital’s comfort zone.

When another prospective transaction for the space fell through, the unit returned to the market at a significantly more competitive price point. Recognizing that the new pricing aligned with their financial parameters, the opportunity was immediately re-presented to the Kriss Capital team.

The Outcome

With the pricing now aligned and the space meeting their operational needs, Kriss Capital moved quickly to secure the office through a combination of a sublease and a direct lease extension with the landlord. The space was delivered as-is, allowing the firm to move efficiently while maintaining cost control.

Ultimately, Kriss Capital found the rare “just right” solution, one that matched their financial discipline while providing a professional space aligned with their brand and operational needs.