Payfone Leases 11993 Square Feet At 245 5th Ave New York From The Moinian Group
LEASED
New York
See Similar DealsOffice11,993 SF
Leased 04/25/2019
LEASED
Payfone Leases 11993 Square Feet At 245 5th Ave New York From The Moinian Group
245 5th Ave, New York, NY, 10016
See Similar DealsOffice11,993 SF
Leased 04/25/2019
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:11,993 SF
Transaction Type:Lease
The property involved in this transaction is situated at 245 5th Ave, New York, NY, 10016. It amounts to a total square footage of 11,993. The transaction occurred in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 245 5th Ave, New York, NY, 10016
- Square Feet: 11,993
- Tenant: Payfone
- Landlord: The Moinian Group
- Tenant's Representative: Justin Myers (Lee & Associates), Dennis Someck (Lee & Associates)
- Landlord's Representative: Christel Engel (Colliers International), Gregg Weisser (Moinian Group)
This transaction involved key individuals and companies, with Justin Myers and Dennis Someck representing the tenant, Payfone, and Christel Engel along with Gregg Weisser serving as representatives for the landlord, The Moinian Group.
Players
BROKERAGE
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$687,431.52
Total Lease Value
$6,874,315.23
Net Landlord Cash Flow$687,431.52
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