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75 West 125th Street New Yo...

Arvut Homecare Leases 3,500 SF Office Space In Manhattan's Harlem Area
LEASEDOffice

Arvut Homecare Leases 3,500 SF Office Space In Manhattan's Harlem Area

75 West 125th Street New York, New York 10027, USA

Building Size

Asset Type

Office

Closing

Jun 19, 2023

AI

Arvut Homecare, a home health care provider, has signed a lease for their first Manhattan office located at 75 West 125th Street in Harlem. The office space spans approximately 3,500 square feet and will serve as Arvut Homecare's new headquarters. This lease transaction took place on June 19, 2023.

Summary of transaction details

Arvut Homecare has been providing a variety of in-home services such as nursing care, physical therapy, and daily living assistance in the Long Island area for over 10 years. With the expansion of their services to the New York City region, this newly leased office space in Harlem will enable them to better serve their Manhattan-based clients.

Gatsby Enterprises played the role of the landlord in this transaction, while Tri State Commercial Realty represented both the tenant, Arvut Homecare, and the landlord as their brokers.

Players

Dov Bleich

Tri State Commercial Realty

Broker

$12.4M

vol

24 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

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