Updated Oct 29, 2024
Graviton Bioscience Leases 30,000 SF Life Science Space At 125 West End Ave, New York
125 West End Ave New York, NY 10023, USA
$125
$125/SF
Building Size
30,000 SF
Asset Type
Life Sciences
Closing
Jul 2, 2023
About this deal
AI
Elevate Research Properties, represented by Matthew Weir, has leased 30,000 square feet of space at 125 West End Avenue in New York. The newly completed life sciences center will serve as the headquarters for Graviton Bioscience, marking the company's first tenancy in the building. The asking rent for the space is $125 per square foot.
Summary of transaction details
- Property Type: Life Science
- Transaction Amount: Not specified
- Address: 125 West End Avenue
- Market: New York
- Landlord: Elevate Research Properties - Matthew Weir
- Tenant: Graviton Bioscience
Graviton Bioscience has chosen West End Labs as its research and office headquarters, leasing 30,000 square feet of space within the 400,000 square-foot building. This move represents a significant opportunity for Graviton Bioscience to establish its presence in the life sciences industry in New York.
Players
Doncaster Life Sciences Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93