Selfhelp Community Services Leases Midtown Manhattan Condo From Northwood Investors

The property at 1180 6th Avenue in Midtown Manhattan is a condo with a total square footage of 46,000. The landlord, John Z. Kukral of Northwood Investors, leased the space to the tenant, Stuart C. Kaplan of Selfhelp Community Services, for a 30-year term at an asking rent of $60 per square foot, excluding property taxes.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: Not specified
• Landlord: John Z. Kukral - Northwood Investors
• Tenant: Stuart C. Kaplan - Selfhelp Community Services
• Landlord's Rep: Michael Baraldi & Bryan Boisi - Cushman & Wakefield
• Tenant's Rep: Alexander Smith, Lindsay Ornstein, Stephen Powers & Thomas Hines - OPEN Impact Real Estate
• Address: 1180 6th Avenue
• Market: Midtown Manhattan
• Lease Term: 30 years

The lease deal was facilitated by Michael Baraldi and Bryan Boisi from Cushman & Wakefield representing the landlord, with the tenant being represented by Alexander Smith, Lindsay Ornstein, Stephen Powers, and Thomas Hines from OPEN Impact Real Estate. The agreement between Selfhelp Community Services and Northwood Investors guarantees a 30-year occupancy at the specified property, enabling a strategic move that reduces rental costs by specifically excluding property taxes from the lease agreement.