Merchant Cash And Capital Leases 16000 Square Feet At 450 Park Ave S New York
LEASED
New York
See Similar DealsCommercial16,000 SF
Leased 08/02/2016
LEASED
Merchant Cash And Capital Leases 16000 Square Feet At 450 Park Ave S New York
450 Park Ave S, New York, NY, 10016
See Similar DealsCommercial16,000 SF
Leased 08/02/2016
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$0
Total Square Footage:16,000 SF
Transaction Type:Lease
A 16,000 square foot lease expansion was signed at 450 Park Ave S, New York, NY, 10016. The property is located in the New York market and is currently leased by Merchant Cash and Capital.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 16,000
- Address: 450 Park Ave S, New York, NY, 10016
- Market: New York
- Tenant: Merchant Cash and Capital
- Landlord: The Winick Group
- Tenant's Representative: Ira Rovitz - Newmark Grubb Knight Frank
- Landlord's Representative: Gregg Weisser - Moinian Group
The deal was facilitated by Ira Rovitz representing Merchant Cash and Capital, while Gregg Weisser represented The Winick Group in this transaction.
Players
BROKERAGE
BROKERAGE
BROKERAGE
BROKERAGE
LANDLORD
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$917,110.34
Total Lease Value
$9,171,103.45
Net Landlord Cash Flow$917,110.34
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