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GSP Group Leases 3,000 SF Office Space At 369 Lexington Avenue In Midtown Manhattan

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LEASED
$60

New York

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Office3,000 SF
Leased 10/23/2023
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LEASED

GSP Group Leases 3,000 SF Office Space At 369 Lexington Avenue In Midtown Manhattan

369 Lexington Avenue

See Similar Deals
Office3,000 SF
Leased 10/23/2023
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$60
Total Square Footage:3,000 SF
Transaction Type:Lease

The property involved in this lease transaction is a 3,000 square foot office space located at 369 Lexington Avenue in Midtown Manhattan. The landlord of the property is Triangle Assets, and the tenant is GSP GROUP, represented by Brandon Chancey and Sean Klein. The lease was brokered by Joe Sitt of BH Realty. The asking rent for the space is $60 per square foot. The lease type is a modified gross lease.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 369 Lexington Avenue
  • Market: Midtown Manhattan
  • Landlord: Triangle Assets
  • Tenant: GSP GROUP - Brandon Chancey & Sean Klein
  • Broker: Joe Sitt - BH Realty
  • Asking Rent: $60/ft
  • SF: 3,000
  • Lease Type: Modified Gross Lease

BH Realty, led by Joe Sitt, is a full-service commercial and residential brokerage that specializes in both exclusive leasing and sales. The company prioritizes building strong relationships with clients and provides advice to owners and developers on how to maximize the growth potential of their assets. For complimentary services such as market updates, comp/pricing reports, and construction/renovation consultations, you can email [email protected]. Brokers interested in enhancing their real estate skill set, working with exclusive listings, and developing a lifelong career within the industry can also reach out to [email protected].

Players

Joe Sitt
3 deals$58.5M volume
BROKER

LANDLORD

Details

LEASED
IMAGE: Joe Sitt DATE: 10/23/2023 ADDRESS: 369 Lexington Avenue MARKET: Midtown Manhattan ASSET TYPE: Office LANDLORD: Triangle Assets TENANT: GSP GROUP - Brandon Chancey & Sean Klein BROKER: Joe Sitt (@TheRealJoeSitt) - BH Realty (@BHRealtyNYC) ASKING RENT: $60/ft ~ SF: 3,000 LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: BH Realty is a full-service commercial and residential brokerage specializing in both exclusive leasing and sales. The BH team continues to be successful because they prioritize the relationships they have with their current and future clients, while also advising owners and developers alike on how to maximize the growth potential of their assets. Owners - For complimentary services such as market updates, comp/pricing reports, and construction/renovation consultations - email [email protected] Brokers - If you are interested in enhancing your real estate skill set, working with exclusive listings, and developing a life-long career within the industry - email [email protected]

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Deal Type
Effective Rent (Annual)

$206,349.83

Total Lease Value

$2,063,498.28

Net Landlord Cash Flow$206,349.83