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7 W 51st St New York, NY 10...

StudioMD Leases Office Space At 7-9 West 51st Street In New York City
LEASEDOffice

StudioMD Leases Office Space At 7-9 West 51st Street In New York City

7 W 51st St New York, NY 10104, USA

$65

$65/SF

Building Size

3,300 SF

Asset Type

Office

Closing

Jul 25, 2023

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.

Players

Michael Segerman

Current Real Estate Advisors

Broker

$8.6M

vol

27 deals

Broker

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93