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201 E 69th St, New York, NY...

TF Cornerstone Leases Medical Office At 201 E 69th St, New York
LEASEDMedical Office

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:

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

Larry Link

Broker

$19M

vol

6 deals

Broker
TF Cornerstone
TF CornerstoneLender
TF Cornerstone
TF CornerstoneLandlord

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