Let's Learn Enrichment Center Signs Long-Term Modified Gross Lease At 24-32 Union Square East
LEASED
$50
New York
See Similar DealsOffice5,000 SF
Leased 09/01/2023
LEASED
Let's Learn Enrichment Center Signs Long-Term Modified Gross Lease At 24-32 Union Square East
24 Union Square East & 32 Union Square East
See Similar DealsOffice5,000 SF
Leased 09/01/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$50
Total Square Footage:5,000 SF
Transaction Type:Lease
A long-term modified gross lease has been signed for an office space located at 24-32 Union Square East in the Union Square market. The property spans approximately 2,500 square feet and the asking rent is $50 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 24-32 Union Square East
- Market: Union Square
- Asking Rent: $50 per square foot
- Lease Type: Modified Gross Lease
- Lease Term: Long term
The landlord, Seth Saideman, represented by Brett Weiss from NAI Capital, has entered into this lease agreement with the tenant, Let's Learn Enrichment Center. The tenant was represented by Ravi Idnani from Newmark.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$286,596.98
Total Lease Value
$2,865,969.83
Net Landlord Cash Flow$286,596.98
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