Northwell And Lenox Hill Hospitals Lease 5,600 SF Office Space On Upper East Side Via @TheCorcoran Group

An office space located at 261 East 78th Street in the Upper East Side of New York City has been leased. The property, spanning 5,600 square feet, was leased by Northwell Hospital and Lenox Hill Hospital. The leasing transaction was facilitated by Josef Yadgarov from The Corcoran Group, representing the tenants, and Chris Okada and Francis Leung from OkadaCo, representing the landlord. The lease was signed on 03/16/2021 with an asking rent of $70 per square foot.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Leased
• Address: 261 East 78th Street
• Market: Upper East Side
• Tenant: Northwell Hospital & Lenox Hill Hospital
• Tenant's Rep: Josef Yadgarov - The Corcoran Group
• Landlord's Rep: Chris Okada & Francis Leung - OkadaCo
• Asking Rent: $70/ft.

This leasing transaction showcases the resilience of the New York City office market, particularly during the challenging times of the COVID-19 pandemic. Despite initial uncertainties and doubts about the city, the deal reflects a positive outlook and belief in the future of NYC. With every deal counting, OkadaCo successfully closed this leasing agreement, contributing to the city's ongoing renaissance.