JPMorgan Chase Bank Leases Office Space At 26 East 64th Street For 10 Years

The property involved in this transaction is an office asset located at 26 East 64th Street in the Lenox Hill market. The lease term is set for 10 years, with a modified gross lease structure. The asking rent for this property stands at $100 per square foot, with a total area of 1,726 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $172,600
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Address: 26 East 64th Street
• Market: Lenox Hill
• Landlord: Demie Sabanci & Derek Gilchrist
• Tenant: JPMorgan Chase Bank
• Landlord's Representative: Josh Augenbaum - Augenbaum Realty
• Tenant's Representative: Patrick Steffens - Avison Young

This transaction highlights the involvement of key individuals, including Josh Augenbaum representing the landlords and Patrick Steffens representing the tenant. The engagement reflects a partnership between established professionals in the real estate sector.