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590 5th Ave, New York, NY, ...

Columbia University Medical Center Leases Medical Office On 5th Ave For $52/SF
LEASEDMedical Office

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

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:

Neil Goldmacher from Newmark represented Columbia University Medical Center in this lease deal.

Players

Neil Goldmacher

Newmark

Broker

16 deals

Broker
Thor Equities
Thor EquitiesLandlord

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

305057.69%

Cash-on-Cash

-87186.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93