EHE International Leases 66000 Sq Ft Commercial Space At 1 W 48th St, New York
1 W 48th St, New York, NY, 10020
Building Size
66,000 SF
Asset Type
Commercial
Closing
Nov 22, 2023
AI
The commercial property located at 1 W 48th St, New York, NY, 10020, boasting 66,000 square feet, was part of a recent lease transaction in New York. The landlord, Tishman Speyer, entered into an agreement with the tenant, EHE International. The deal was facilitated by Peter Cento from SquareFoot.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not disclosed
- Tenant: EHE International
- Tenant's Rep: Peter Cento (SquareFoot)
- Landlord: Tishman Speyer
- Address: 1 W 48th St, New York, NY, 10020
- Market: New York
- Square Feet: 66,000
The lease agreement at 1 W 48th St involved EHE International as the tenant, known for their presence in the healthcare industry. Representing EHE International was Peter Cento from SquareFoot, ensuring a smooth transaction for the tenant. On the other side, Tishman Speyer, a prominent real estate developer and landlord, finalized the deal, securing a valuable tenant for their commercial asset in New York.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Lease transactions
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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