New York Life Insurance Leases Office Space At 1601 Kings Highway In Midwood, Brooklyn
LEASED
$50
New York
See Similar DealsOffice14,000 SF
Leased 11/22/2022
LEASED
New York Life Insurance Leases Office Space At 1601 Kings Highway In Midwood, Brooklyn
1601 Kings Highway, Brooklyn, New York 11229, United States
See Similar DealsOffice14,000 SF
Leased 11/22/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$50
Total Square Footage:14,000 SF
Transaction Type:Lease
New York Life Insurance Company has leased an office space located at 1601 Kings Highway in Midwood, Brooklyn. The property, measuring 14,000 square feet, was leased from Kingsway Realty. The lease transaction was facilitated by brokers Nick Zweig and Whitten Morris from JLL. The asking rent for the space was $50 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 1601 Kings Highway, Midwood, Brooklyn
- Tenant: New York Life Insurance Company
- Landlord: Kingsway Realty
- Brokers: Nick Zweig & Whitten Morris - JLL
- Asking Rent: $50 per square foot
Nick Zweig and Whitten Morris from JLL represented the tenant, New York Life Insurance Company, in this lease deal.
Players
LENDER
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$802,471.55
Total Lease Value
$8,024,715.52
Net Landlord Cash Flow$802,471.55
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