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31 East 32nd Street New Yor...

Prestige Health & Wellness Leases 6,500-SF Commercial Space In NoMad
LEASEDCommercial

Prestige Health & Wellness Leases 6,500-SF Commercial Space In NoMad

31 East 32nd Street New York, New York 10016, USA

Building Size

6,500 SF

Asset Type

Commercial

Closing

Aug 18, 2023

AI

Prestige Health & Wellness has signed a 10-year lease for a 6,500-square-foot space at 31 East 32nd St in NoMad. The commercial property, managed by Windsor Management, offers a prime location in the bustling market of NoMad.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: Not specified
  • Square Footage: 6,500
  • Address: 31 East 32nd Street
  • Market: NoMad
  • Landlord: Windsor Management
  • Tenant: Prestige Health & Wellness
  • Brokers: Catherine O’Toole, David Scher & Rory O’Connor - Lee & Associates

The lease agreement was facilitated by Catherine O’Toole, David Scher, and Rory O’Connor of Lee & Associates, acting as Prestige Health & Wellness' broker representatives in the deal. This partnership between the tenant and the landlord allows Prestige Health & Wellness to establish a presence in the vibrant NoMad market and serve its clientele effectively.

Players

David Scher

Lee & Associates

Broker

8 deals

Broker
WM
Windsor ManagementLandlord

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