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
About this deal
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
- Property Type: Office
- Tenant: Arvut Homecare
- Landlord: Gatsby Enterprises
- Brokers: Dov Bleich - Tri State Commercial Realty, Daniel Sharabi - Tri State Commercial Realty
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.
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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