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211 East 43rd Street, New Y...

Medical Training Institute Leases Office Space At 211 East 43rd Street In Midtown Manhattan
LEASEDOffice

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

Michael Hymowitz

LSL Advisors

Broker

10 deals

Broker
AP
Alchemy-ABR Investment PartnersLandlord

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