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Bridge Medical Expands Lease At 389 5th Avenue In Murray Hill For 10 Years
LEASED
$46
New York
See Similar DealsOffice6,832 SF
Leased 05/01/2025
LEASED
Bridge Medical Expands Lease At 389 5th Avenue In Murray Hill For 10 Years
389 5th Avenue
See Similar DealsOffice6,832 SF
Leased 05/01/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$46
Total Square Footage:6,832 SF
Transaction Type:Lease
The property involved in this transaction is an office asset located at 389 5th Avenue in the Murray Hill market. The total square footage of the asset is 6,832, and it was leased at an asking rent of $46 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 389 5th Avenue
- Market: Murray Hill
- Landlord: Koeppel Rosen
- Tenant: Bridge Medical
- Landlord's Representative: Max Koeppell - Koeppel Rosen
- Tenant's Representative: Steven Gurton - R New York
This lease agreement reflects Bridge Medical's expansion, as they increased their footprint by 3,027 square feet, thus enhancing their total leased space at the location. The lease has a duration of 10 years, showcasing the tenant's long-term commitment to the space.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$360,277.63
Total Lease Value
$3,602,776.28
Net Landlord Cash Flow$360,277.63
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