IMGN Media Leases Office Space At 142 West 36th Street In Midtown South
LEASED
New York
See Similar DealsOffice80,000 SF
Leased 02/05/2020
LEASED
IMGN Media Leases Office Space At 142 West 36th Street In Midtown South
142 W 36th St, New York, NY 10018, USA
See Similar DealsOffice80,000 SF
Leased 02/05/2020
Summary
NEW YORK
Asset Type:Office
Total Square Footage:80,000 SF
Transaction Type:Lease
A closed property transaction took place at 142 West 36th Street in Midtown South. The asset involved was an office space measuring 8,000 square feet. The tenant, IMGN Media, signed a lease agreement with the landlord, Alduwaliya Asset Management, represented by Joel Kubie, Michael Hymowitz, and Daniel Lolai of lsladvisors. The asking price for the transaction was $62 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $62 per square foot
- Tenant: IMGN Media
- Landlord: Alduwaliya Asset Management @Tamim
- BROKERS: Joel Kubie, Michael Hymowitz & Daniel Lolai @lsladvisors
The deal was facilitated by brokers Joel Kubie, Michael Hymowitz, and Daniel Lolai. They represented the landlord, Alduwaliya Asset Management, in the lease agreement with IMGN Media. The transaction showcases the active commercial real estate market in Midtown South, providing opportunities for tenants and landlords alike.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,585,551.72
Total Lease Value
$45,855,517.25
Net Landlord Cash Flow$4,585,551.72
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