Tao Group Leases 18,000 SF Office Space At 200 Park Avenue South For $70/ft
LEASED
$70
New York
See Similar DealsOffice18,000 SF
Leased 02/02/2025
LEASED
Tao Group Leases 18,000 SF Office Space At 200 Park Avenue South For $70/ft
200 Park Avenue South
See Similar DealsOffice18,000 SF
Leased 02/02/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$70
Total Square Footage:18,000 SF
Transaction Type:Lease
The asset involved in this transaction is an office space located at 200 Park Avenue South in Manhattan. The leased area spans 18,000 square feet, with an asking rent set at $70 per square foot. The lease is a long-term modified gross lease, facilitated by ABS Realty as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $70/ft
- Square Footage: 18,000
- Address: 200 Park Avenue South
- Market: Manhattan
- Landlord: ABS Realty
- Tenant: Tao Group
- Brokers: Brandon Singer, Suzanne Bernstock & Kim Levandovsky - Retail By Mona
- Lease Term: Long Term
- Lease Type: Modified Gross Lease
The deal involved key representatives in the brokerage sector, namely Brandon Singer, Suzanne Bernstock, and Kim Levandovsky from Retail By Mona, who played pivotal roles in the leasing arrangements for the tenant, Tao Group, under the landlord ABS Realty.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,444,448.79
Total Lease Value
$14,444,487.93
Net Landlord Cash Flow$1,444,448.79
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