Updated Oct 29, 2024
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
About this deal
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.
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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