Mobile Health Leases Second Floor Office Space On Eighth Ave In New York
690 8th Avenue
$50
$50/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Dec 3, 2022
About this deal
AI
The Second Floor Office at 690 Eighth Ave in New York has been leased. The retail space, spanning 2,200 square feet, was rented out to Mobile Health. The lease was facilitated by Ben Biberaj from Meridian Retail Leasing. The asking rent for the space was $50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 690 Eighth Ave
- Market: New York
- Tenant: Mobile Health
- Broker: Ben Biberaj - Meridian Retail Leasing
- Asking Rent: $50/ft.
- Square Footage: 2,200
Mobile Health has secured the second floor office space at 690 Eighth Ave in New York. The lease, arranged by Ben Biberaj from Meridian Retail Leasing, comes with an asking rent of $50 per square foot.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93