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StoneCastle Partners Relocates To 152 West 57th St In NYC In 7-Year Lease Deal

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LEASED
$115
Matthew (Matt) Leon
Benjamin (Ben) Friedland
Gary Davies

New York

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Office8,785 SF
Leased 11/16/2023
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Property Image
LEASED

StoneCastle Partners Relocates To 152 West 57th St In NYC In 7-Year Lease Deal

152 W 57th St

See Similar Deals
Office8,785 SF
Leased 11/16/2023
Matthew (Matt) Leon
Benjamin (Ben) Friedland
Gary Davies
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$115
Total Square Footage:8,785 SF
Transaction Type:Lease

StoneCastle Partners has recently secured a new office space in Midtown Manhattan. The company will be relocating to the 52nd floor of TF Cornerstone's property located at 152 West 57th Street in New York City. This seven-year lease agreement will provide StoneCastle Partners with a total of 8,785 square feet.

Summary of transaction details

  • Property Type: Office
  • Address: 152 W 57th St
  • Market: Midtown Manhattan
  • Tenant: StoneCastle Partners
  • Landlord: TF Cornerstone
  • Asking Rent: $115/ft
  • Lease Term: 7 years

In this deal, StoneCastle Partners was represented by Ben Friedland and Gary Davies of CBRE. On the other hand, TF Cornerstone had Matthew Leon from Newmark as their representative. The successful negotiation allowed StoneCastle Partners to secure the desirable office space at 152 West 57th Street.

Players

Benjamin (Ben) Friedland
CBRE
Benjamin Friedland
9 deals
BROKER
Gary Davies
CBRE
Gary Davies
9 deals(212) 984-8205
BROKER
Matthew (Matt) Leon
Newmark
Matthew Leon
4 deals(212) 372-2041
BROKER
TF Cornerstone
TF Cornerstone
LENDER
TF Cornerstone
TF Cornerstone
LANDLORD

Details

LEASED
IMAGE: Ben Friedland, Frederick Elghanayan, Gary Davie, Matthew Leon & Joshua S. Siegel DATE: 11/16/2023 ADDRESS: 152 W 57th St MARKET: Midtown Manhattan ASSET TYPE: Office LANDLORD: TF Cornerstone (@TFCornerstone) - Frederick Elghanayan TENANT: StoneCastle Partners - Joshua S. Siegel LANDLORD'S REP: Matthew Leon - Newmark (@Newmark) TENANT'S REP: Ben Friedland (@BFriedland) & Gary Davies - CBRE (@CBRE) ASKING RENT: $115/ft ~ SF: 8,785 LEASE TERM: 7 years NOTE: StoneCastle Partners is relocating to the 52nd floor of TF Cornerstone’s 152 West 57th Street in New York City, securing 8,785 square feet in a seven-year deal.

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Deal Type
Effective Rent (Annual)

$1,158,167.07

Total Lease Value

$11,581,670.67

Net Landlord Cash Flow$1,158,167.07