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Cove Property Group Subleases Ground Floor Space In Hudson Yards Multifamily Building

Property Image
LEASED

New York

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MultiFamily11,732 SF
Leased 07/18/2022
the dealdetailscomps
Property Image
LEASED

Cove Property Group Subleases Ground Floor Space In Hudson Yards Multifamily Building

413 9th Avenue, New York City, New York 10001, United States

See Similar Deals
MultiFamily11,732 SF
Leased 07/18/2022
the dealdetailscomps

Summary

NEW YORK
Asset Type:MultiFamily
Total Square Footage:11,732 SF
Transaction Type:Lease

Cove Property Group has entered into a ground sublease agreement with Hornig Capital Partners for the property located at 413, 415 & 419 9th Avenue in Hudson Yards. The asset type of the property is multifamily, offering a total of 11,732 square feet.

Summary of transaction details

  • Property Type: Multifamily
  • Asking Rent: $4,909 per square foot
  • Market: Hudson Yards

The landlord in this transaction is Hornig Capital Partners, while Cove Property Group acts as the tenant. The deal was secured on July 18, 2022. The ground sublease agreement involves the aforementioned property located at 413, 415 & 419 9th Avenue in Hudson Yards.

Details

LEASED
IMAGE: SUBLEASE IMAGE: Daren W. Hornig DATE: 07/18/2022 ADDRESS: 413, 415 & 419 9th Avenue MARKET: Hudson Yards ASSET TYPE: Multifamily LANDLORD: Hornig Capital Partners TENANT: Cove Property Group ASKING RENT: $4,909/ft. ~ SF: 11,732

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Effective Rent (Annual)

$672,471.16

Total Lease Value

$6,724,711.60

Net Landlord Cash Flow$672,471.16