Republic Subleases Office Space At 149 5th Avenue To Concourse For 3 Years At $70/ft
LEASED
$70
New York
See Similar DealsOffice5,553 SF
Leased
LEASED
Republic Subleases Office Space At 149 5th Avenue To Concourse For 3 Years At $70/ft
149 5th Avenue
See Similar DealsOffice5,553 SF
Leased
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$70
Total Square Footage:5553 SF
Transaction Type:Lease
The transaction involves an office space located at 149 5th Avenue in the Flatiron District, with a total area of 5,553 square feet. The asking rent for the property is set at $70 per square foot, and the lease term covers a duration of 3 years under a Modified Gross Lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $70/ft
- Square Footage: 5,553
- Address: 149 5th Avenue
- Market: Flatiron District
- Sublandlord: Republic
- Subtenant: Concourse
- Sublandlord's Representative: Sam Einhorn
- Subtenant's Representative: Nicholas Hein - Nomad Group
- Lease Term: 3 years
- Lease Type: Modified Gross Lease
Key individuals in this transaction include Sam Einhorn representing the sublandlord, Republic, and Nicholas Hein from Nomad Group representing the subtenant, Concourse. Their involvement highlights the collaborative effort in finalizing the agreement for the office space.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$445,612.45
Total Lease Value
$4,456,124.53
Net Landlord Cash Flow$445,612.45
Is there something missing? Send suggestions