Adventureland Signs Lease At 1501 Broadway New York With Paramount Leasehold For $62/SF
LEASED
$62
New York
See Similar DealsOffice10,109 SF
Leased 02/15/2017
LEASED
Adventureland Signs Lease At 1501 Broadway New York With Paramount Leasehold For $62/SF
1501 Broadway, New York, NY, 10036
See Similar DealsOffice10,109 SF
Leased 02/15/2017
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$62
Total Square Footage:10,109 SF
Transaction Type:Lease
The property asset involved in this transaction is located at 1501 Broadway, New York, NY, 10036. It encompasses a total square footage of 10,109 and has a rental rate of $62 per square foot. The market for this asset is New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1501 Broadway, New York, NY, 10036
- Market: New York
- Tenant: Adventureland
- Landlord: Paramount Leasehold
- Tenant's Representative: Dennis Karr - Newmark Grubb Knight Frank
- Rent/SF: $62
- Square Feet: 10,109
The deal features a significant involvement from key individuals and companies, with Dennis Karr representing the tenant, Adventureland, while the landlord is Paramount Leasehold. The eventual terms and conditions of the lease have been managed through these representatives to finalize the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$718,507.81
Total Lease Value
$7,185,078.07
Net Landlord Cash Flow$718,507.81
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