Fox's Designer Off-Price Leases Office Space At 1501 3rd Ave, New York
LEASED
$102
New York
See Similar DealsOffice7,500 SF
Leased 03/01/2016
LEASED
Fox's Designer Off-Price Leases Office Space At 1501 3rd Ave, New York
1501 3rd Ave, New York, NY, 10028
See Similar DealsOffice7,500 SF
Leased 03/01/2016
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$102
Total Square Footage:7,500 SF
Transaction Type:Lease
The office property located at 1501 3rd Ave, New York, NY, 10028, boasts 7,500 square feet of space leased by Fox’s Designer Off-Price. The lease, finalized on 03/01/2016, was facilitated at a rate of $102 per square foot, with Newmark representing the tenant and SMA Equities acting as the landlord in the transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Fox’s Designer Off-Price
- Tenant's Rep: Lucas Kooyman (Newmark)
- Landlord: SMA Equities
- Landlord's Rep: Stu Morden
- Market: New York
The deal involved the renowned tenant representative Lucas Kooyman from Newmark and Stu Morden, who represented SMA Equities as the landlord's representative. The successful lease agreement showcases the collaborative efforts of these key individuals and companies in New York's competitive office real estate market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$876,986.77
Total Lease Value
$8,769,867.67
Net Landlord Cash Flow$876,986.77
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