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Mish.Aesthetics Leases Office Space At 389 Fifth Avenue In Midtown Manhattan

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LEASED

New York

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Office1,225 SF
Leased 01/11/2021
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Property Image
LEASED

Mish.Aesthetics Leases Office Space At 389 Fifth Avenue In Midtown Manhattan

389 Fifth Avenue, Manhattan, New York, NY, USA

See Similar Deals
Office1,225 SF
Leased 01/11/2021
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Summary

NEW YORK
Asset Type:Office
Total Square Footage:1,225 SF
Transaction Type:Lease

An office space located at 389 Fifth Avenue in Midtown has been leased. The property is owned by the Rosen Group, with Jonathan Rosen as the landlord. The tenant, Mish.Aesthetics, has secured the lease through the representation of brokers Jeff Zheng from Elms Equities and Chris Okada. Ken Lerner from OkadaCo also played a role in the deal. The lease was signed on January 11, 2021. The office space spans a total of 1,225 square feet, with an asking rent of $30 per square foot.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: Leased
  • Address: 389 Fifth Avenue
  • Market: Midtown

This deal is significant because it offers an office space on Fifth Avenue for under $30 per square foot, making it an attractive opportunity. Congratulations to all parties involved in this transaction. It's important to recognize that every deal counts, and this lease on Fifth Avenue showcases confidence in the New York City market.

Players

Christopher (Chris) Okada
84 deals$352.8M volume
BROKER

Jeff Zheng
Polaris Property Group
11 deals$90.9M volume
BROKER

Ken Lerner
Okada & Company
4 deals
BROKER

LANDLORD

Details

LEASED
IMAGE: Jeff Zheng & @ChrisOkada DATE: 01/11/2021 ADDRESS: 389 Fifth Avenue MARKET: Midtown ASSET TYPE: Office TENANT: @Mish.Aesthetics LANDLORD: Rosen Group - Jonathan Rosen BROKERS: Jeff Zheng (@JZh256) - Elms Equities & @ChrisOkada, Ken Lerner @OkadaCo ASKING RENT: $30/ft. ~ SF: 1,225 NOTE FROM @ChrisOkada: Congrats to all involved. Why is this deal important? Because it's Fifth Avenue office under $30/SF! FOLLOW @ChrisOkada EVERY DEAL COUNTS! BETTING ON NYC! ALWAYS BE CLOSING!

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Deal Type
Effective Rent (Annual)

$70,216.26

Total Lease Value

$702,162.61

Net Landlord Cash Flow$70,216.26