Hospital For Special Surgery Leases Office Space In New York City
770 Lexington Ave, New York, NY, 100...
Building Size
17,000 SF
Asset Type
Office
Closing
Nov 7, 2018
AI
The property involved in this lease transaction is an office space located at 770 Lexington Ave, New York, NY, encompassing a total area of 17,000 square feet. The asset is situated in the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 770 Lexington Ave, New York, NY, 100...
- Square Feet: 17,000
- Tenant: Hospital for Special Surgery
- Landlord: Terra Holdings
- Tenant's Representative: Michael Dubin-Savitt Partners
- Date: 11/07/2018
This lease transaction involved key representatives from both the tenant and landlord. Michael Dubin served as the representative for the Hospital for Special Surgery, while Terra Holdings represented the interests of the landlord in this agreement.
Players
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