Westbridge Realty Leases Office Space At 320 5th Ave, New York
LEASED
New York
See Similar DealsOffice1,900 SF
Leased 11/11/2020
LEASED
Westbridge Realty Leases Office Space At 320 5th Ave, New York
320 5th Ave, New York, NY, 10001
See Similar DealsOffice1,900 SF
Leased 11/11/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:1,900 SF
Transaction Type:Lease
The office building located at 320 5th Ave in New York, NY, 10001, is the focus of a recent leasing transaction. The property spans approximately 1,900 square feet and is managed by Brause Realty. The market value of this asset lies in its convenient location between 32nd and 33rd Streets in New York.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Tenant: Westbridge Realty
- Landlord: Brause Realty
- Square Feet: 1900
Representing Brause Realty in the leasing deal were Jonata Dayan and Brett Weiss of HSP Real Estate Group. On the tenant side, Westbridge Realty was assisted by Liam O'Neil and Todd Hershman from Newmark. The move from Westbridge Realty's previous location on 152 Madison Avenue to these newly leased offices signifies a strategic relocation decision by the firm.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$108,906.85
Total Lease Value
$1,089,068.53
Net Landlord Cash Flow$108,906.85
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