Medical Training Institute Leases Office Space At 211 East 43rd Street In Midtown Manhattan
211 East 43rd Street, New York, NY 10017
Building Size
12,053 SF
Asset Type
Office
Closing
Jul 8, 2020
AI
211 East 43rd Street in Midtown has been leased to Medical Training Institute. The property is an office space with a total square footage of 12,053. The lease was facilitated by brokers Michael Hymowitz from LSL Advisors and John Ryan from Avison Young. The landlord for this transaction is Alchemy-ABR Investment Partners.
Summary of transation details
- Property Type: Office
- Transaction Date: 07/08/2021
- Address: 211 East 43rd Street
- Market: Midtown
- Tenant: Medical Training Institute
- Landlord: Alchemy-ABR Investment Partners
- Brokers: Michael Hymowitz - LSL Advisors, John Ryan - Avison Young
- Asking Rent: $58/ft.
- Square Footage: 12,053
Michael Hymowitz from LSL Advisors and John Ryan from Avison Young played crucial roles as brokers in the deal. They successfully negotiated the lease agreement, ensuring the interests of both the tenant and the landlord were met. This lease transaction signifies the growing demand for office spaces in Midtown.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93