TF Cornerstone Leases Medical Office At 201 E 69th St, New York
201 E 69th St, New York, NY, 10021
Building Size
3,572 SF
Asset Type
Medical Office
Closing
Jan 30, 2020
AI
The medical office located at 201 E 69th St, New York, NY, 10021, spans 3,572 square feet. The leasing transaction for this asset was finalized on January 30, 2020, in the bustling New York market. TF Cornerstone acted as the landlord for the property.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not Applicable
- Tenant's Representative: Larry Link, Michael Greenberg
The deal's negotiations were facilitated by Larry Link and Michael Greenberg, the tenant's representatives involved in the leasing agreement. They played a pivotal role in securing the medical office space at this prime New York location.
Players
New York Medical Office Market Snapshot
Boundary boundary · Medical Office · 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