GDS Development Leases 6500 Square Feet Office Space To GumGum In New York
LEASED
New York
See Similar DealsOffice6,500 SF
Leased 10/05/2022
LEASED
GDS Development Leases 6500 Square Feet Office Space To GumGum In New York
1245 Broadway, New York, NY, 10001
See Similar DealsOffice6,500 SF
Leased 10/05/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:6,500 SF
Transaction Type:Lease
The property asset involved in this transaction is an office space located at 1245 Broadway, New York, NY, 10001. The total square footage of the asset is 6,500 square feet. The current market for this asset is New York.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1245 Broadway, New York, NY, 10001
- Square Feet: 6500
- Tenant: GumGum
- Landlord: GDS Development
- Tenant's Representative: Matthew Siegel-CBRE
- Landlord's Representatives: Neil V. King III-CBRE, Paul Amrich-CBRE
The deal was facilitated by representatives from CBRE, ensuring that both the tenant and landlord were appropriately represented in the transaction. Matthew Siegel represented the tenant GumGum, while the landlord GDS Development was represented by Neil V. King III and Paul Amrich.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$372,576.08
Total Lease Value
$3,725,760.78
Net Landlord Cash Flow$372,576.08
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