Velour Medical Leases 12000 Square Feet At 1239 Broadway In NoMad
1239 Broadway
Building Size
12,000 SF
Asset Type
Office
Closing
Oct 17, 2024
AI
The property asset is an office space located at 1239 Broadway in the NoMad market, encompassing a total of 12,000 square feet. This space is leased to Velour Medical, making it their second clinic in Manhattan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1239 Broadway
- Market: NoMad
- Landlord: Justin Management
- Tenant: Dr. Michael Kennis & Zach Goldstein - Velour Medical
- Broker: Jared Sternberg - Kaufman
The lease was signed for Velour Medical, which will offer Botox, fillers, and other cosmetic procedures at this location. The involved parties include Dr. Michael Kennis and Zach Goldstein, who represent the tenant, while Jared Sternberg serves as the broker in the transaction.
Players
Brooklyn Office Market Snapshot
Boundary boundary · 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