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30 West 60th Street

Manhattan Valley Pediatrics Signs Lease For Medical Office At 30 West 60th Street
LEASEDOffice

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

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.

Players

Faisal Gilani

NY Space Finders

Broker

$27.4M

vol

46 deals

Broker

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

195839.51%

Cash-on-Cash

-55971.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93