Updated Feb 5, 2025
Columbia University Medical Center Leases Medical Office On 5th Ave For $52/SF
590 5th Ave, New York, NY, 10036
$52
$52/SF
Building Size
13,370 SF
Asset Type
Medical Office
Closing
Jul 21, 2016
About this deal
AI
The property at 590 5th Ave, New York, NY, 10036, is a Medical Office with a total square footage of 13,370. The lease for this asset was finalized on 07/21/2016, with Columbia University Medical Center as the tenant, and Thor Equities as the landlord. The rent per square foot for this transaction was $52 in the New York market.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not Available
- Tenant's Rep: Robert Eisenberg
- Tenant: Columbia University Medical Center
- Landlord: Thor Equities
- Tenant's Rep: Neil Goldmacher (Newmark)
Neil Goldmacher from Newmark represented Columbia University Medical Center in this lease deal.
On the Map
$52
$52/SF
Medical Office
View full map
Players
New York Medical Office Market Snapshot
Boundary boundary · Medical Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Neil Goldmacher to view all their deals.
Browse New York medical office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93