AbleTo Inc. Leases 19,358 SF Office Space At 320 West 37th Street In Penn Station Garment District
LEASED
+ 1
New York
See Similar DealsOffice193,580 SF
Leased 02/25/2020
LEASED
AbleTo Inc. Leases 19,358 SF Office Space At 320 West 37th Street In Penn Station Garment District
320 W 37th St, New York, NY 10018, USA
See Similar DealsOffice193,580 SF
Leased 02/25/2020
+ 1
Summary
NEW YORK
Asset Type:Office
Total Square Footage:193,580 SF
Transaction Type:Lease
The office property located at 320 West 37th Street in the Penn Station Garment District has been involved in a closed transaction. The property spans a total of 19,358 square feet and was leased by AbleTo Inc. The landlord, Ray Yadidi of Sioni Group, facilitated the deal. The asking rent for the space was $57.50 per square foot.
Summary of transation details
- Property Type: Office
- Tenant: AbleTo Inc.
- Landlord: Ray Yadidi - Sioni Group
- Address: 320 West 37th Street
- Market: Penn Station Garment District
- Asking Rent: $57.50
- SF: 19,358
Thomas Burrus, Fred Smith, and Elizabeth Ughetta from NewmarkKF served as the brokers for this transaction. They played a crucial role in facilitating the deal between AbleTo Inc. and the landlord, Ray Yadidi. Their expertise in the market and negotiation skills were instrumental in successfully closing the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$11,095,888.79
Total Lease Value
$110,958,887.86
Net Landlord Cash Flow$11,095,888.79
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