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50 Court St, Brooklyn, NY, ...

New York Methodist Hospital Leases Office Space In Brooklyn For $50/SF
LEASEDOffice

New York Methodist Hospital Leases Office Space In Brooklyn For $50/SF

50 Court St, Brooklyn, NY, 11201

$50

$50/SF

Building Size

7,627 SF

Asset Type

Office

Closing

Sep 21, 2016

AI

The property involved in the transaction is an office located at 50 Court St, Brooklyn, NY, 11201. The asset spans 7,627 square feet and is situated in the Brooklyn market. The lease was finalized on 09/21/2016 with New York Methodist Hospital as the tenant and Joseph P. Day Realty Corp as the landlord. The agreed rent is $50 per square foot.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant's Rep: Michael Colhoun Jr.(Walker & Dunlop)
  • Tenant: New York Methodist Hospital
  • Landlord: Joseph P. Day Realty Corp

The tenant's representative in the deal was Michael Colhoun Jr. from Walker & Dunlop, facilitating the lease agreement between New York Methodist Hospital and Joseph P. Day Realty Corp. The transaction involved a commercial lease for the office space, ensuring the smooth occupancy of the property.

Players

Michael Colhoun Jr.

Walker & Dunlop

Broker

$10M

vol

5 deals

Broker
RC
Realty Corp.Landlord

Brooklyn 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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93