World Economic Forum USA Leases 39k SF Office At 350 Madison Ave, NY
LEASED
New York
See Similar DealsOffice39,000 SF
Leased 03/08/2016
LEASED
World Economic Forum USA Leases 39k SF Office At 350 Madison Ave, NY
350 Madison Ave, New York, NY, 10017
See Similar DealsOffice39,000 SF
Leased 03/08/2016
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:39,000 SF
Transaction Type:Lease
The property asset involved in this transaction is an office space located at 350 Madison Ave, New York, NY, 10017. It consists of 39,000 square feet and falls within the New York market. The asking rent for the space was in the $70 per square foot range.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 350 Madison Ave, New York, NY, 10017
- Square Feet: 39,000
- Tenant: World Economic Forum USA
- Landlord: RFR Realty
- Tenant's Representative: Robert Silver, Scott Brown - Newmark
- Landlord's Representative: Alexander Chudnoff - JLL
Key individuals involved in this transaction include the tenant representative team of Robert Silver and Scott Brown from Newmark, who facilitated the lease for the World Economic Forum USA, while Alexander Chudnoff from JLL represented the landlord, RFR Realty, in this agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,235,456.47
Total Lease Value
$22,354,564.66
Net Landlord Cash Flow$2,235,456.47
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