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Gettry Marcus Leases Office Space At 1407 Broadway, New York For $70/SF

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LEASED
$70

New York

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Office13,797 SF
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LEASED

Gettry Marcus Leases Office Space At 1407 Broadway, New York For $70/SF

1407 Broadway, New York, NY, 10018

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Office13,797 SF
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$70
Total Square Footage:13,797 SF
Transaction Type:Lease

The office property located at 1407 Broadway in New York, NY, 10018, boasts 13,797 square feet of space and commanded a rent of $70 per square foot. The transaction involved the tenant's representatives Richard Plehn of Lee & Associates and Vincent Tuminelli of Cresa negotiating on behalf of the tenant, Gettry Marcus, with the landlord, Solil Management.

Summary of transaction details:

The collaboration between Richard Plehn of Lee & Associates and Vincent Tuminelli of Cresa on behalf of the tenant, Gettry Marcus, showcased effective negotiation skills in securing the office space at 1407 Broadway in the vibrant New York market. Solil Management, the landlord, demonstrated flexibility in working with the tenant's representatives to finalize the lease agreement.

Players

Richard Plehn
5 deals
BROKER


Solil Management
LANDLORD

Details

LEASED
IMAGE: 1407 Broadway, New York, NY, 10018 MARKET: New York ASSET TYPE: Office TENANT'S REP: Richard Plehn(Lee & Associates), Vincent Tuminelli(Cresa) TENANT: Gettry Marcus LANDLORD: Solil Management RENT/SF: 70 SQUARE FEET: 13797

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Deal Type
Effective Rent (Annual)

$1,107,170.00

Total Lease Value

$11,071,700.00

Net Landlord Cash Flow$1,107,170.00