Motion P/T Leases Office Space At 250 West 54th Street In Midtown With Brokers Michael Doetsch And David Zar
LEASED
$63
New York
See Similar DealsOffice7,370 SF
Leased 02/28/2019
LEASED
Motion P/T Leases Office Space At 250 West 54th Street In Midtown With Brokers Michael Doetsch And David Zar
250 West 54th Street & 250 West 54th Street, New York, NY 10019
See Similar DealsOffice7,370 SF
Leased 02/28/2019
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$63
Total Square Footage:7,370 SF
Transaction Type:Lease
The leased property in this closed transaction is an office space located at 250 West 54th Street in the Midtown market. The tenant, Motion P/T, signed a lease agreement with the landlord, Zar Property NY. The leasing transaction was facilitated by brokers Michael Doetsch from Cresa and David Zar from Zar Property NY. The asking rent for this 4,000 square foot space was $63 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Date: 03/01/2019
- Address: 250 West 54th Street
- Market: Midtown
This lease deal between Motion P/T and Zar Property NY adds another medical tenant to the building, making them the fourth medical tenant in the property. It's worth noting that the landlord was represented in-house during this transaction.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$532,279.38
Total Lease Value
$5,322,793.80
Net Landlord Cash Flow$532,279.38
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