Mount Sinai NYC Leases 7000 Square Feet Medical Office At 348 Amsterdam Avenue Upper West Side
348 Amsterdam Avenue
Building Size
7,000 SF
Asset Type
Medical Office
Closing
Apr 2, 2026
AI
The medical office space at 348 Amsterdam Avenue, located in the Upper West Side, has a total square footage of 7,000. This asset is positioned below the 18-story Harrison condo, a development by Related Companies.
Summary of transation details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 348 Amsterdam Avenue
- Market: Upper West Side
- Landlord: Jeff T. Blau - Related Companies
- Tenant: Mount Sinai NYC
- Brokers: Benjamin Birnbaum & Andrew Taub - Newmark
Mount Sinai NYC is set to relocate two obstetrics and gynecology practice groups to this new location, with patient services beginning in June.
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