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619 W 54th St, New York, NY...

C16 Biosciences Leases 20000 Square Feet At 619 W 54th St From Taconic Partners
LEASEDOffice

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

John Isaacs

CBRE

Broker

9 deals

Broker
Taconic Partners
Taconic PartnersLandlord

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