Mount Sinai Health System Leases 26100 SF At 250 W 57th St From Empire State Realty Trust
250 W 57th St, New York, NY, 10107
$67
$67/SF
Building Size
26,100 SF
Asset Type
Retail
Closing
Feb 16, 2017
AI
The property involved in this lease is located at 250 W 57th St, New York, NY, 10107. It is situated in the New York market. The space encompasses 26,100 square feet and commands a rent rate of $67 per square foot. The landlord of this property is Empire State Realty Trust.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Address: 250 W 57th St, New York, NY, 10107
- Market: New York
- Tenant: Mount Sinai Health System
- Tenant's Representative: Chris Mongeluzo
- Agency: Newmark Knight Frank
- Landlord: Empire State Realty Trust
- Rent/SF: 67
- Square Feet: 26100
This transaction showcases the involvement of key players, with Chris Mongeluzo representing Mount Sinai Health System in the leasing process. The transaction highlights the role of Empire State Realty Trust as the landlord for this property, ensuring a structured agreement between the tenant and the property owner.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
236761.19%
Cash-on-Cash
-67667.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93