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
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