John Blair & Company Leases Event Space/Nightclub At 510 West 42nd Street In Midtown West
LEASED
New York
See Similar DealsCommercial20,000 SF
Leased 01/20/2021
LEASED
John Blair & Company Leases Event Space/Nightclub At 510 West 42nd Street In Midtown West
510 West 42nd Street, Manhattan, New York, NY, USA
See Similar DealsCommercial20,000 SF
Leased 01/20/2021
Summary
NEW YORK
Asset Type:Commercial
Total Square Footage:20,000 SF
Transaction Type:Lease
An event space/nightclub located at 510 West 42nd Street in Midtown West has been leased. The transaction took place on January 20, 2021.
Summary of transaction details
- Property Type: Event space/Nightclub
- Transaction Amount: Lease
- Address: 510 West 42nd Street
- Market: Midtown West
- Tenant: John Blair & Company
- Landlord: Cachet Hotel & @AdamHochfelder
- Broker: @JamesFamularo - Meridian Retail Leasing
- Asking Rent: $60/ft.
- Square Footage: 20,000
- Annual Rent: $1.2M
John Blair & Company has leased the event space/nightclub from the landlord, Cachet Hotel & @AdamHochfelder. The lease was facilitated by @JamesFamularo of Meridian Retail Leasing. The asking rent for the 20,000 square feet property was $60 per square foot, resulting in an annual rent of $1.2 million.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,146,387.93
Total Lease Value
$11,463,879.31
Net Landlord Cash Flow$1,146,387.93
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