Uptown Dermatology Leases 2723 Square Feet At 200 W 150th St New York From Fairstead
200 W 150th St, New York, NY, 10039
Building Size
2,723 SF
Asset Type
Retail
Closing
Mar 11, 2021
AI
The property located at 200 W 150th St, New York, NY, 10039 encompasses a total of 2,723 square feet. This lease transaction occurred within the New York market, involving the landlord, Fairstead, and tenant, Uptown Dermatology. The transaction reflects a commercial lease agreement specific to this location.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 200 W 150th St, New York, NY, 10039
- Square Feet: 2,723
- Tenant: Uptown Dermatology
- Landlord: Fairstead
- Tenant's Representatives: Mark Tergersen (ABS Partners Real Estate), Cooper Katz (ABS Partners Real Estate)
- Landlord's Representatives: Jason Pennington (Ripco), Jessica Hedrington
This lease transaction was facilitated by the representatives from ABS Partners Real Estate for the tenant and Ripco for the landlord. The individuals involved played crucial roles in negotiating the terms of the lease between Uptown Dermatology and Fairstead. Their expertise contributed to the successful closing of this transaction.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · 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