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EliseAI Signs 10-Year Lease For 109000 Square Feet At 401 Fifth Avenue In Manhattan
LEASED
$80
+ 5
New York
See Similar DealsOffice109,000 SF
Leased 01/20/2026
LEASED
EliseAI Signs 10-Year Lease For 109000 Square Feet At 401 Fifth Avenue In Manhattan
401 5th Avenue
See Similar DealsOffice109,000 SF
Leased 01/20/2026
+ 5
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$80
Total Square Footage:109,000 SF
Transaction Type:Lease
The asset involved in the transaction is located at 401 5th Avenue in Manhattan, featuring office space with a total square footage of 109,000. The lease was signed at an asking rent of $80 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $80/ft
- Square Footage: 109,000
- Address: 401 5th Avenue
- Market: Manhattan
- Landlord: Chetrit Organization
- Tenant: EliseAI
- Landlord's Representatives: Brian Waterman, David Waterman & Alexander Kesseler - Newmark
- Tenant's Representatives: Evan Margolin, Val Stobetsky, Calum Waddell, Hale King & Will McGarry - JLL
The deal marks a significant relocation for EliseAI, which is moving from its previous location at 33 East 33rd Street. The lease is structured for a duration of 10 years, emphasizing a long-term commitment from the tenant to the new space at 401 Fifth Avenue.
Players
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Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$9,996,502.76
Total Lease Value
$99,965,027.60
Net Landlord Cash Flow$9,996,502.76
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