Manhattan Valley Pediatrics Signs Lease For Medical Office At 30 West 60th Street
30 West 60th Street
$81
$81/SF
Building Size
1,700 SF
Asset Type
Office
Closing
Feb 3, 2025
About this deal
AI
The property involved in this transaction is a medical office located at 30 West 60th Street in the Columbus Circle market. The property features a leased space of 1,700 square feet and operates under a Double Net Lease arrangement with an asking rent of $90 per square foot.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $153,000
- Address: 30 West 60th Street
- Market: Columbus Circle
- Landlord: Pamela Jacobson
- Tenant: Manhattan Valley Pediatrics
- Landlord's Representative: Luca DiCiero, Faisal Gilani & Damian Dakas - NY Space Finders
- Tenant's Representative: Evan Gasman
The transaction features several key individuals including landlord Pamela Jacobson and tenant Manhattan Valley Pediatrics. The landlord was represented in the deal by Luca DiCiero, Faisal Gilani, and Damian Dakas from NY Space Finders, while Evan Gasman served as the tenant's representative.
On the Map
$81
$81/SF
Office
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New York Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
195839.51%
Cash-on-Cash
-55971.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93