Medical office – Sublet

Financial

• Current monthly base rent: $3,182
• Annual base rent at current rate: $38,184
• Approximate rent per SF/month: $3.54
• Approximate rent per SF/year: $42.43
• Security deposit: $18,000
• Utilities: Paid separately by tenant
• Real estate taxes / tax charges: Additional annual responsibility
• Remaining lease term: Approximately 4 years
• Annual rent increases: Per existing lease terms

The location is a major strength. East 37th Street in Murray Hill provides convenient access to Midtown East, Grand Central, Park Avenue, Lexington Avenue, and the surrounding residential and professional-office population. The neighborhood is particularly suitable for businesses that rely on clients or patients traveling from throughout Manhattan.

The 900-SF layout is efficient for a small professional practice. Having three private rooms in addition to a reception and waiting area allows the space to support multiple practitioners, private consultations, treatment rooms, or a combination of office and administrative functions.