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Garnett Station Partners Leases Office Space At 450 Park Avenue In Midtown Manhattan
LEASED
New York
See Similar DealsOffice24,963 SF
Leased 10/24/2023
LEASED
Garnett Station Partners Leases Office Space At 450 Park Avenue In Midtown Manhattan
450 Park Avenue
See Similar DealsOffice24,963 SF
Leased 10/24/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$160
Total Square Footage:24,963 SF
Transaction Type:Lease
Investment firm Garnett Station Partners has signed a lease for 24,963 square feet of office space at 450 Park Avenue in Midtown Manhattan. The property is owned by SL Green and has an asking rent of $160 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 450 Park Avenue
- Market: Midtown Manhattan
Garnett Station Partners leased the office space from SL Green, represented by Howard Tenenbaum and Gary Rosen. The deal was brokered by David Falk and Jason Greenstein of Newmark.
NOTE: The lease was signed for an asking rent of $160 per square foot.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,578,765.11
Total Lease Value
$45,787,651.08
Net Landlord Cash Flow$4,578,765.11
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