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125 West End Ave New York, ...

Updated Oct 29, 2024

Graviton Bioscience Leases 30,000 SF Life Science Space At 125 West End Ave, New York
LEASEDLife Sciences

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

Boundary boundary · Life Sciences · Lease transactions

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Deal FAQ

About $125 per square foot on a published $125 for 30,000 square feet (2023).

Browse Doncaster life sciences leases on Traded.

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

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