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Balance In Motion Physical Therapy Leases Office Space In Penn Plaza

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LEASED

New York

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Office3,000 SF
Leased 06/10/2022
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LEASED

Balance In Motion Physical Therapy Leases Office Space In Penn Plaza

224 W 35th St, New York City, New York 10001, United States

See Similar Deals
Office3,000 SF
Leased 06/10/2022
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Summary

NEW YORK
Asset Type:Office
Total Square Footage:3,000 SF
Transaction Type:Lease

An office space located at 224 W. 35th St. in Penn Plaza has been leased. The tenant, Balance In Motion Physical Therapy, has signed a lease agreement with the landlord, Gatsby Enterprises. The lease was facilitated by brokers Chris Okada and Hiro Iwata from Okada & Company. The office space spans approximately 3,000 square feet and was leased at an asking rent of $35 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 224 W. 35th St.
  • Market: Penn Plaza
  • Tenant: Balance In Motion Physical Therapy
  • Landlord: Gatsby Enterprises
  • Brokers: Chris Okada & Hiro Iwata - Okada & Company
  • Asking Rent: $35 per square foot
  • Square Footage: 3,000

The leasing process was successfully carried out by Chris Okada and Hiro Iwata from Okada & Company, representing both the tenant and the landlord. This transaction marks an important step for Balance In Motion Physical Therapy in securing a suitable office space in Penn Plaza.

Players

Christopher (Chris) Okada
84 deals$352.8M volume
BROKER

Hiro Iwata
Okada & Company
17 deals
BROKER

Gatsby Enterprises
LANDLORD

Details

LEASED
IMAGE: Chris Okada & Hiro Iwata DATE: 06/10/2022 ADDRESS: 224 W. 35th St. MARKET: Penn Plaza ASSET TYPE: Office LANDLORD: Gatsby Enterprises (@GatsbyRealty) TENANT: Balance In Motion Physical Therapy BROKERS: Chris Okada (@ChrisOkada) & Hiro Iwata - Okada & Company (@OkadaCo) ASKING RENT: $35/ft. ~ SF: 3,000

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Deal Type
Effective Rent (Annual)

$171,958.19

Total Lease Value

$1,719,581.90

Net Landlord Cash Flow$171,958.19