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Sussex Publishers Secures 6-Year Lease For Office Space In Flatiron District At 16 West 22nd Street
LEASED
$83
New York
See Similar DealsOffice3,285 SF
Leased
LEASED
Sussex Publishers Secures 6-Year Lease For Office Space In Flatiron District At 16 West 22nd Street
16 West 22nd Street
See Similar DealsOffice3,285 SF
Leased
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$83
Total Square Footage:3285 SF
Transaction Type:Lease
Sussex Publishers, the owner of Psychology Today, has secured a six-year lease for a 3,285-square-foot office space at 16 West 22nd Street in the Flatiron District. The space was leased from Barbara Yagoda, who represents GFP Real Estate. The asking rent for the property was $83 per square foot, resulting in a total lease value of approximately $273,255.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $273,255
- Address: 16 West 22nd Street
- Market: Flatiron District
Doug Rice, from Rice & Associates, represented Sussex Publishers in this lease transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$312,568.40
Total Lease Value
$3,125,684.01
Net Landlord Cash Flow$312,568.40
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