C16 Biosciences Leases 20000 Square Feet At 619 W 54th St From Taconic Partners
619 W 54th St, New York, NY, 10019
Building Size
20,000 SF
Asset Type
Office
Closing
Apr 23, 2021
AI
The property involved in this lease transaction is located at 619 W 54th St, New York, NY, 10019. The commercial space offers a total of 20,000 square feet within the active New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 619 W 54th St, New York, NY, 10019
- Market: New York
- Square Feet: 20,000
- Tenant: C16 Biosciences
- Landlord: Taconic Partners
- Tenant's Rep: John Isaacs-CBRE
Key individuals involved in the transaction include John Isaacs from CBRE, representing the tenant C16 Biosciences, while Taconic Partners serves as the landlord in 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