Lazzoni NYC Leases Office Space At 145 Madison Avenue In Manhattan With VCPRE And RKF Brokers
LEASED
+ 2
New York
See Similar DealsOffice2,850 SF
Leased 09/14/2018
LEASED
Lazzoni NYC Leases Office Space At 145 Madison Avenue In Manhattan With VCPRE And RKF Brokers
145 Madison Avenue, New York, NY 10016
See Similar DealsOffice2,850 SF
Leased 09/14/2018
+ 2
Summary
NEW YORK
Asset Type:Office
Total Square Footage:2,850 SF
Transaction Type:Lease
145 Madison Avenue, an office space located in Manhattan, New York, was recently leased to @lazzoninyc. The lease transaction was facilitated by brokers Jeremy Nazarian and Ali Reslan from VCPRE, along with Michael Paster and Carly Geller from RKF. The landlord, Alex Kahen of Kahen Properties, agreed to a 15-year lease term.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $540K per year
- Square Footage: 2,850 SF
- Tenant: @lazzoninyc
- Landlord: @AlexKahen, Kahen Properties
- Tenant's Brokers: Jeremy Nazarian, Ali Reslan (VCPRE)
- Landlord's Brokers: Michael Paster, Carly Geller (RKF)
The lease was secured at a rate of $190 per square foot, resulting in an annual payment of $540,000. This long-term lease agreement will provide @lazzoninyc with a spacious 2,850 square feet of office space at 145 Madison Avenue.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$163,360.28
Total Lease Value
$1,633,602.80
Net Landlord Cash Flow$163,360.28
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