Meyer Davidoff Of Invictus Pharmacy Leases Office Space From David Tawfik In Midtown East
150 East 52nd Street
$60
$60/SF
Building Size
2,604 SF
Asset Type
Office
Closing
Apr 15, 2025
AI
The property involved in this transaction is an office asset located at 150 East 52nd Street in the Midtown East market. It encompasses a total area of 2,604 square feet. The asking rent for this property is set at $60 per square foot, and the lease is structured as a Modified Gross Lease with a term of 5 years.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $60/ft
- Lease Term: 5 Years
- Lease Type: Modified Gross Lease
- Landlord: David Tawfik - Princeton International Properties
- Tenant: Meyer Davidoff - Invictus Pharmacy
- Broker: Jonathan Anapol
- Square Footage: 2,604
The deal includes Meyer Davidoff representing Invictus Pharmacy, which is a multi-faceted pharmacy network that operates several retail locations and a licensed mail-order pharmacy specializing in direct-to-consumer prescription services. The management company, Invictus Ventures, Inc., has established its new headquarters at Tower52.
Players
New York 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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93