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31 Washington Square West, ...

Doctors, LLC Leases Medical Office At 31 Washington Square W. In Greenwich Village
LEASEDOffice

Doctors, LLC Leases Medical Office At 31 Washington Square W. In Greenwich Village

31 Washington Square West, Manhattan, New York, NY, USA

Building Size

1,000 SF

Asset Type

Office

Closing

Sep 1, 2021

AI

A medical office located at 31 Washington Square W. in Greenwich Village has been leased. The office space, measuring 1,000 square feet, was leased by Doctors, LLC, represented by Danny Kap. The landlord of the property is Washington Square Professional Building, owned by David Brisman. The leasing transaction was facilitated by Andrew Eden from AlladiumPG.NYC.

Summary of transation details

  • Property Type: Medical Office
  • Transaction Amount: Not mentioned
  • Address: 31 Washington Square W., Greenwich Village
  • Tenant: Doctors, LLC - Danny Kap
  • Landlord: Washington Square Professional Building - David Brisman
  • Broker: Andrew Eden - AlladiumPG.NYC
  • Asking Rent: $114 per square foot
  • Square Footage: 1,000

Andrew Eden successfully leased the 1,000 square feet of professional office space in the midst of soaring office vacancies in 2021. The space, located at 31 Washington Square Park West, is housed in a building with 24/7 elevator access and eastern park exposure. There is an additional 1,350 square feet of available space in the building. For more details, interested parties can contact Andrew Eden at PalladiumPG.NYC.

Players

Andrew Eden

Broker

$28.6M

vol

4 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93