Healthee Leases Office Space At 213 West 35th Street In Midtown South For 5 Years
213 West 35th Street
$50
$50/SF
Building Size
7,200 SF
Asset Type
Office
Closing
Jul 1, 2024
AI
The property asset involved in this transaction is located at 213 West 35th Street in the Midtown South market. It is classified as an office asset with a total square footage of 7,200 SF. The asking rent for this space is $50 per square foot. The lease term for this agreement spans over five years under a modified gross lease arrangement.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $360,000
- Landlord: Justin Management
- Tenant: Healthee
- Brokers: Matthew DeRose, William Janetschek & Megan Gallagher - Nomad Group
- Lease Term: 5 years
- Lease Type: Modified Gross Lease
- Custom-built space featuring a private outdoor patio
Nomad Group represented both the Tenant and the Landlord in this transaction. The team specializes in managing and leasing premier commercial real estate in New York City and oversees over 2 million square feet of office space in prime locations. This involvement showcases their commitment to providing personalized tenant representation.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93