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544 Hudson Street New York,...

GoodVets Signs 10-Year Lease For 2,120 SF Medical Office In Manhattan
LEASEDMedical Office

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

Jake Bank

Broker

2 deals

Broker

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