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450 Fashion Ave, New York, ...

Timothy Freydburg(CBRE) Represents Tenant In Medical Office Lease At 450 Fashion Ave, New York
LEASEDMedical Office

Timothy Freydburg(CBRE) Represents Tenant In Medical Office Lease At 450 Fashion Ave, New York

450 Fashion Ave, New York, NY, 10123

Building Size

6,141 SF

Asset Type

Medical Office

Closing

May 31, 2016

AI

The medical office located at 450 Fashion Ave, New York, NY, 10123, with a total square footage of 6141, was the subject of a lease transaction that took place on May 31, 2016. The Landlord in this deal was the Kaufman Organization, and the Tenant's Representative was Timothy (Tim) Freydburg from CBRE. Timothy (Tim) Freydberg from CBRE also acted as the broker in this lease deal in the New York market.

Summary of transation details:

  • Property Type: Medical Office
  • Transaction Amount: Not specified
  • Tenant's Rep: Timothy (Tim) Freydburg (CBRE)
  • Broker: Timothy (Tim) Freydberg (CBRE)
  • Landlord: Kaufman Organization
  • Square Feet: 6141
  • Address: 450 Fashion Ave, New York, NY, 10123
  • Market: New York

The key individuals involved in the lease transaction at 450 Fashion Ave were Timothy (Tim) Freydberg from CBRE, who served as the broker, and Timothy (Tim) Freydburg from CBRE, who represented the tenant. These individuals played pivotal roles in facilitating the leasing process for the medical office space, ensuring a successful transaction for both parties involved.

Players

Timothy Freydberg

CBRE

Broker

10 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

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