GoodVets Signs 10-Year Lease For 2,120 SF Medical Office In Manhattan
544 Hudson Street New York, New York 10014, USA
Building Size
2,120 SF
Asset Type
Medical Office
Closing
Jun 28, 2023
AI
GoodVets, a medical asset, has signed a 10-year lease for a 2,120 square-foot space located at 544 Hudson St., Manhattan. The tenant was represented by Tether Advisors and Cushman & Wakefield, while the landlord, 540 Hudson Street Partners LLC, was represented by Aurora Capital.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 544 Hudson Street
- Market: Manhattan
- Size: 2,120 square feet
Matt Abreu & Jake Bank from Aurora Capital represented the landlord, 540 Hudson Street Partners LLC, in the lease deal. Ali Hicks represented the tenant, GoodVets, on behalf of Tether Advisors, along with Sean Moran, Patrick O’Rourke, and Catherine Merck from Cushman & Wakefield providing additional representation for the tenant.
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