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
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