Chanel Leases Office Space At 26 East 64th Street Manhattan For 7 Years At $100/ft
LEASED
$100
New York
See Similar DealsOffice1,700 SF
Leased
LEASED
Chanel Leases Office Space At 26 East 64th Street Manhattan For 7 Years At $100/ft
26 East 64th Street
See Similar DealsOffice1,700 SF
Leased
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$100
Total Square Footage:1700 SF
Transaction Type:Lease
This office asset is located at 26 East 64th Street in Manhattan, with a total square footage of 1,700. The asking rent for this property is set at $100 per foot, and it operates under a modified gross lease agreement for a term of 7 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $100/ft
- Square Footage: 1,700
- Address: 26 East 64th Street
- Market: Manhattan
- Landlord: Demie Sabanci & Derek Gilchrist
- Tenant: Chanel
- Landlord's Representative: Josh Augenbaum - Augenbaum Realty
- Lease Term: 7 Years
- Lease Type: Modified Gross Lease
The transaction involves notable individuals such as landlord representatives Demie Sabanci and Derek Gilchrist, with Josh Augenbaum from Augenbaum Realty representing the landlords in the negotiation with the tenant, Chanel.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$194,885.95
Total Lease Value
$1,948,859.48
Net Landlord Cash Flow$194,885.95
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