Mark Smith Leases Condo At 432 Park Avenue To John Maple For $77,500 Monthly

This transaction involves a condo located at 432 Park Avenue in Midtown Manhattan. The property has a square footage of 4,462 and the asking rent was set at $208 per square foot, resulting in a monthly rent of $77,500. The lease type is categorized as a Single Net Lease.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $77,500
• Address: 432 Park Avenue
• Market: Midtown Manhattan
• Landlord: Mark Smith
• Tenant: John Maple
• Landlord's Representative: Michael Lorber & Alexander Boriskin - Douglas Elliman
• Asking Rent: $208/ft
• Square Footage: 4,462
• Lease Type: Single Net Lease

The deal was represented by Michael Lorber and Alexander Boriskin, who are recognized as Douglas Elliman's Large Team in NYC for 2024. They specialize in luxury rentals and sales. Notably, this lease has set a new record for the building.