Sterling West's James Nicholson Leases 4000 SF Office To Artus Physical Therapy For 10 Years
LEASED
$198,000
New York
See Similar DealsOffice4,000 SF
Leased 05/20/2025
LEASED
Sterling West's James Nicholson Leases 4000 SF Office To Artus Physical Therapy For 10 Years
117 West 72nd Street
See Similar DealsOffice4,000 SF
Leased 05/20/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$198,000
Total Square Footage:4,000 SF
Transaction Type:Lease
The property asset involved in the transaction is an office space located at 117 West 72nd Street in the Upper West Side market. The asking rent for the space was set at $49.5 per square foot, spanning a total area of 4,000 square feet. The lease term agreed upon was 10 years, structured as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $49.5/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Sterling West - James Nicholson
- Tenant: Artus Physical Therapy
- Brokers: Neil Zaken & Kevin Loh - Compass
The Zaken Team successfully executed the lease in under 60 days, representing the landlord in the transaction. Landlords or owners needing leasing services for their commercial spaces are encouraged to reach out for assistance.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$907,939,241.47
Total Lease Value
$9,079,392,414.68
Net Landlord Cash Flow$907,939,241.47
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