Mobile Health Signs Lease For Second Floor Office Space In Midtown Manhattan
690 8th Ave, New York City, New York 10036, United States
$50
$50/SF
Building Size
2 SF
Asset Type
Retail
Closing
Dec 16, 2022
About this deal
AI
The property involved in this transaction is a second-floor office located at 690 Eighth Ave in New York. It is categorized as a retail asset with a total square footage of 2,200. The asking rent for this space was set at $50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $110,000
- Tenant: Mobile Health
- Broker: Ben Biberaj - Meridian Retail Leasing
The key individuals involved include Ben Biberaj, who represented Meridian Retail Leasing in this transaction. The tenant occupying the space is Mobile Health, indicating the firm's interest in expanding their footprint in the retail market.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93