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204 E 25th St, New York, NY...

Repair Physical Therapy Leases Space At 204 East 25th Street In Kips Bay
LEASEDOther

Repair Physical Therapy Leases Space At 204 East 25th Street In Kips Bay

204 E 25th St, New York, NY 10010, USA

Building Size

550 SF

Asset Type

Other

Closing

Aug 25, 2020

AI

Repair Physical Therapy has recently leased a space at 204 East 25th Street in Kips Bay, according to recent reports. The lease transaction was facilitated by brokers James Famularo, Jack Mosseri, and Logan Ryan of Meridian Capital Group. The property features approximately 550 square feet of space and the asking rent was $44 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Date: 8/26/2020
  • Address: 204 East 25th Street
  • Market: Kips Bay
  • Asking Rent: $44 per square foot
  • Tenant: Repair Physical Therapy
  • Landlord: Lc Lemle Real Estate Group - Laura Lemle
  • Brokers: James Famularo, Jack Mosseri, and Logan Ryan - Meridian Capital Group

This recent lease transaction signifies Repair Physical Therapy's expansion into a new location in the Kips Bay market. The deal was facilitated by brokers James Famularo, Jack Mosseri, and Logan Ryan of Meridian Capital Group, who played a crucial role in connecting the tenant and the landlord, Lc Lemle Real Estate Group, represented by Laura Lemle. With approximately 550 square feet of space, the property at 204 East 25th Street provides an ideal location for Repair Physical Therapy to serve its clients in the Kips Bay area.

Players

Jack Mosseri

Meridian Capital Group

Broker

4 deals

Broker

Laura Lemle

Lc Lemle Real Estate Group

Landlord

$8M

vol

5 deals

Landlord

New York Other Market Snapshot

Boundary boundary · Other · 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