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250 W 57th St, New York, NY...

Mount Sinai Health System Leases 26100 SF At 250 W 57th St From Empire State Realty Trust
LEASEDRetail

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

Chris Mongeluzo

Newmark

Broker

16 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

New York Retail Market Snapshot

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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