Newport Apparel Corp Leases Office Space At 1450 Broadway, New York
LEASED
New York
See Similar DealsOffice4,738 SF
Leased 02/13/2019
LEASED
Newport Apparel Corp Leases Office Space At 1450 Broadway, New York
1450 Broadway, New York, NY, 10018
See Similar DealsOffice4,738 SF
Leased 02/13/2019
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:4,738 SF
Transaction Type:Lease
1450 Broadway in New York, NY, 10018 is a Class A office building owned by The Zar Group. The building spans 400,010 square feet, and in a recent lease transaction, Newport Apparel Corp secured 4,738 square feet within the property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: Newport Apparel Corp
- Landlord: The Zar Group
- Square Feet: 4738
- Tenant's Rep: Marc Kritzer(Kritzer Realty)
JLL played a significant role in the lease transactions at 1450 Broadway, representing The Zar Group in all nine deals totaling 107,953 square feet. Mitchell Konsker, Barbara Winter, Simon Landmann, and Kip Orban from JLL partnered closely with Bobby Zar and Michael Gleicher from The Zar Group to facilitate the leasing activity.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$271,579.30
Total Lease Value
$2,715,793.01
Net Landlord Cash Flow$271,579.30
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