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342 East 49th Street

Chelsea Medical Of New York Leases Office Space At 342 East 49th Street In Midtown Manhattan
LEASEDOffice

Chelsea Medical Of New York Leases Office Space At 342 East 49th Street In Midtown Manhattan

342 East 49th Street

$55

$55/SF

Building Size

2,600 SF

Asset Type

Office

Closing

Sep 6, 2024

AI

The property located at 342 East 49th Street in Midtown East, Manhattan is an office asset. The lease, a Single Net Lease, encompasses a total of 2,600 square feet and an asking rent of $55 per square foot.

Summary of transaction details:

The individuals representing the landlord and tenant played crucial roles in the lease execution. Garrett Kelly and Kyle Fink of Meridian Capital Group represented the landlord, while Denis Abayev from Commercial Acquisitions represented the tenant, Chelsea Medical of New York.

Players

Denis Abayev

Commercial Acquisitions

Broker

$33.9M

vol

22 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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93