L&M Development Partners & Taconic Partners Acquire Development Site In Inwood For Ground Lease
LEASED
New York
See Similar DealsMixed-use34,000 SF
Leased 07/14/2022
LEASED
L&M Development Partners & Taconic Partners Acquire Development Site In Inwood For Ground Lease
407 West 206th Street, New York City, New York 10034, United States
See Similar DealsMixed-use34,000 SF
Leased 07/14/2022
Summary
NEW YORK
Asset Type:Mixed-use
Total Square Footage:34,000 SF
Transaction Type:Lease
An ground lease for a development site has been closed in the Inwood market. The property, located at 407 West 206th Street, was part of a deal between landlord AAG Management and tenant L+M Development Partners & Taconic Partners. The lease terms are for a duration of 99 years, with an asking rent of $61 per square foot and a building square footage of 360,892. Lisa Gomez, Charles Bendit, and Paul Pariser are shown in the image associated with this transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not mentioned in the CONTEXT
Players
LANDLORD
TENANT
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,948,859.48
Total Lease Value
$19,488,594.83
Net Landlord Cash Flow$1,948,859.48
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