Kips Bay Dermatology Leases 1200 Square Feet At 247 E 28th St New York For $85 Rent/SF
247 E 28th St, New York, NY, 10016
$85
$85/SF
Building Size
1,200 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 247 E 28th St, New York, NY, 10016, within the New York market. The space has a total size of 1,200 square feet and the rent is priced at $85 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 247 E 28th St, New York, NY, 10016
- Square Feet: 1200
- Landlord: MB Grayson
- Tenant: Kips Bay Dermatology
- Landlord's Rep: Joseph "Joe" Italiaander - The Boulos Company, Mark Tergersen - ABS Partners Real Estate, John Broderick - Colliers International
The transaction features Kips Bay Dermatology as the tenant, leasing the property from landlord MB Grayson. The deal was facilitated by three representatives: Joseph "Joe" Italiaander from The Boulos Company, Mark Tergersen from ABS Partners Real Estate, and John Broderick from Colliers International, who all represented the landlord in this lease agreement.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93