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Jay Suites Leases Condo At 515 Madison Avenue In Manhattan From GFP Real Estate

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LEASED

New York

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50,000 SF
Leased 09/07/2018
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LEASED

Jay Suites Leases Condo At 515 Madison Avenue In Manhattan From GFP Real Estate

515 Madison Avenue, New York, NY 10022

See Similar Deals
50,000 SF
Leased 09/07/2018
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Summary

NEW YORK
Total Square Footage:50,000 SF
Transaction Type:Lease

A luxury condo located at 515 Madison Avenue in Manhattan, New York has been leased in a recent transaction. The property, measuring approximately 50,000 square feet, was leased by Jay Suites, a leading provider of flexible office space solutions. The lease was brokered by Rick Doolittle of MHP Real Estate Services, representing both the tenant and the landlord, GFP Real Estate.

Summary of transaction details

  • Property Type: Condo
  • Address: 515 Madison Avenue, Manhattan, New York
  • Market: Manhattan
  • Tenant: Jay Suites (@jaysuites)
  • Landlord: GFP Real Estate
  • Broker: Rick Doolittle - MHP Real Estate Services
  • Asking Rent: $60 per square foot

The leasing transaction for this prestigious condo highlights the growing demand for flexible office spaces in Manhattan. Jay Suites, known for its modern and innovative workspaces, has secured a prime location in the heart of the city. The deal was successfully negotiated by Rick Doolittle, demonstrating his expertise in the New York real estate market.

Players

Rick Doolittle
5 deals
BROKER

GFP Real Estate
BROKERAGE


Details

LEASED
IMAGE: Jack Srour, Eric Gural, & Juda Srour DATE: 09/07/2018 ADDRESS: 515 Madison Avenue MARKET: Manhattan CITY: New York ASSET TYPE: Condo TENANT: Jay Suites @jaysuites LANDLORD: GFP Real Estate BROKERS: Rick Doolittle - MHP Real Estate Services brokered the transaction for both parties ASKING RENT: $60 ~ SF: 50,000

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Deal Type
Effective Rent (Annual)

$2,865,969.83

Total Lease Value

$28,659,698.28

Net Landlord Cash Flow$2,865,969.83