StudioMD Leases Office Space At 7-9 West 51st Street In New York City
7 W 51st St, New York, NY 10019
$65
$65/SF
Building Size
3,300 SF
Asset Type
Office
Closing
Jul 25, 2023
About this deal
AI
The office property located at 7-9 West 51st Street in New York City has recently been leased. The property, measuring 3,300 square feet, has been leased by StudioMD. The lease transaction was facilitated by Sedesco, Inc. as the landlord. The asking rent for the space was $65 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 7-9 West 51st Street, New York City
The landlord's representatives for this lease were Whitnee Williams and Bryan Boisi from Cushman & Wakefield. StudioMD was represented by Michael Segerman and Roy Abraham of Current Real Estate Advisors.
On the Map
$65
$65/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93