Millennial Plastic Surgery Leases 4000 Square Feet At 56 W 45th St New York City
56 W 45th St, New York, NY, 10036
Building Size
4,000 SF
Asset Type
Office
Closing
Aug 12, 2019
AI
The lease property is located at 56 W 45th St, New York, NY, 10036, in the New York market. The size of the space is 4000 square feet, leased by Millennial Plastic Surgery from Integrated Medicine of New York City.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Square Feet: 4000
- Address: 56 W 45th St, New York, NY, 10036
- Market: New York
- Tenant: Millennial Plastic Surgery
- Landlord: Integrated Medicine of New York City
- Tenant's Representatives: Dana Moskowitz (Resolution Real Estate Partners), Jeffrey Zund (Resolution Real Estate Partners)
- Landlord's Representative: John B. Aires
The transaction involved key representatives from Resolution Real Estate Partners working on behalf of the tenant, Millennial Plastic Surgery, while John B. Aires represented the landlord, Integrated Medicine of New York City. Their roles were pivotal in facilitating this lease agreement.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93