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:
- Property Type: Office
- Transaction Amount: $143,000
- Landlord: Daniel Benedict - Benedict Realty Group
- Tenant: Chelsea Medical of New York
- Landlord's Representative: Garrett Kelly & Kyle Fink - Meridian Capital Group
- Tenant's Representative: Denis Abayev - Commercial Acquisitions
- Date of Transaction: 09/06/2024
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
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