Montgomery Street Partners Leases Commercial Condo To CSC Coliving At 353 West 57th Street In Hell's Kitchen
LEASED
New York
See Similar DealsCommercial438,423 SF
Leased 06/15/2022
LEASED
Montgomery Street Partners Leases Commercial Condo To CSC Coliving At 353 West 57th Street In Hell's Kitchen
353 West 57th Street, New York City, New York 10019, United States
See Similar DealsCommercial438,423 SF
Leased 06/15/2022
Summary
NEW YORK
Asset Type:Commercial
Total Square Footage:438,423 SF
Transaction Type:Lease
The ground lease transaction at 353 West 57th Street in Hell's Kitchen has been finalized. The asset involved in the deal is a commercial condo.
Summary of transaction details:
- Property Type: Commercial Condo
- Transaction Amount: Not available
- Address: 353 West 57th Street
- Market: Hell's Kitchen
The tenant for this ground lease is CSC Coliving, while Montgomery Street Partners acts as the landlord. The lease terms for this transaction are for a duration of 99 years. The asking rent for the property is $390 per square foot, with a total square footage of 438,423.
NOTE: No additional information is provided regarding the transaction.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$25,130,141.80
Total Lease Value
$251,301,417.97
Net Landlord Cash Flow$25,130,141.80
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