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200 W 150th St, New York, N...

Uptown Dermatology Leases 2723 Square Feet At 200 W 150th St New York From Fairstead
LEASEDRetail

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:

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

Mark Tergesen

ABS Partners Real Estate

Broker

$4.3M

vol

15 deals

Broker
Fairstead
FairsteadLandlord

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