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
About this deal
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.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93