The Moinian Group Leases Medical Office In New York With Tenant Northwell Health

Northwell Health has signed a 10-year lease for a medical office space located at 115 East 57th Street in the New York market. The property, measuring 12,000 square feet, was leased from The Moinian Group, represented by Ted Koltis. The lease was facilitated by Paul Wexler, Josef Yadgarov, and Elliot Dennis of Wexler Healthcare Properties. The asking rent for the space was $70 per square foot.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: Not specified
• Address: 115 East 57th Street
• Market: New York
• Landlord: The Moinian Group - Ted Koltis
• Tenant: Northwell Health
• Brokers: Paul Wexler, Josef Yadgarov, and Elliot Dennis - Wexler Healthcare Properties
• Asking Rent: $70/ft.
• Lease Terms: 10-year lease

The leasing of this medical office space presents an opportunity for Northwell Health to establish a presence in an esteemed location. The deal was coordinated by the experienced team of Paul Wexler, Josef Yadgarov, and Elliot Dennis from Wexler Healthcare Properties, who successfully negotiated the terms on behalf of both the landlord, The Moinian Group, and the tenant, Northwell Health.