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490 10th Avenue

Century Medical & Dental Leases Retail Space At 490 10th Avenue In Hudson Yards For 20 Years
LEASEDRetail

Century Medical & Dental Leases Retail Space At 490 10th Avenue In Hudson Yards For 20 Years

490 10th Avenue

Building Size

10,663 SF

Asset Type

Retail

Closing

Sep 7, 2025

AI

The property asset involved is a retail space located at 490 10th Avenue in the Hudson Yards market, encompassing a total of 10,663 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Lease Term: 20 Years
  • Lease Type: Modified Gross Lease
  • Landlord: TF Cornerstone
  • Tenant: Century Medical & Dental
  • Landlord's Rep: Steven E. Baker, Daniyel Cohen & Thomas Galo - RTL Real Estate
  • Tenant's Rep: Manu Wendum & John Digangi - Retail By Mona

The deal features representation from RTL Real Estate for the landlord, with Steven E. Baker, Daniyel Cohen, and Thomas Galo taking part. On behalf of the tenant, Century Medical & Dental, the representation includes Manu Wendum and John Digangi from Retail By Mona.

Players

Daniyel Cohen

RTL Real Estate

Broker

9 deals

Broker
TF Cornerstone
TF CornerstoneLandlord

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