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Sterling West's James Nicholson Leases 4000 SF Office To Artus Physical Therapy For 10 Years

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LEASED
$198,000

New York

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Office4,000 SF
Leased 05/20/2025
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Property Image
LEASED

Sterling West's James Nicholson Leases 4000 SF Office To Artus Physical Therapy For 10 Years

117 West 72nd Street

See Similar Deals
Office4,000 SF
Leased 05/20/2025
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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.

Players

Neil Zaken
5 deals$31.1M volume
BROKER

Details

LEASED
IMAGE: Neil Zaken & Kevin Loh DATE: 5/20/2025 ADDRESS: 117 West 72nd Street MARKET: Upper West Side ASSET TYPE: Office LANDLORD: Sterling West - James Nicholson TENANT: Artus Physical Therapy BROKERS: Neil Zaken (@NeilZaken) & Kevin Loh - Compass (@Compass) ASKING RENT: $49.5/ft ~ SF: 4,000 LEASE TERM: 10 years LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: The Zaken Team was able to fully execute a 10 year lease of 4000 square feet in under 60 Days representing the landlord. Please reach out if you are a landlord or owner in need of leasing your commercial space.

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Deal Type
Effective Rent (Annual)

$907,939,241.47

Total Lease Value

$9,079,392,414.68

Net Landlord Cash Flow$907,939,241.47