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Garnett Station Partners Leases Office Space At 450 Park Avenue In Midtown Manhattan

Property Image
LEASED
$160
David Falk
Howard Tenenbaum
+ 1

New York

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Office24,963 SF
Leased 10/24/2023
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Property Image
LEASED

Garnett Station Partners Leases Office Space At 450 Park Avenue In Midtown Manhattan

450 Park Avenue

See Similar Deals
Office24,963 SF
Leased 10/24/2023
David Falk
Howard Tenenbaum
+ 1
Contact now

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.

Players

David Falk
60 deals
BROKER

Jason Greenstein
Newmark
16 deals
BROKER

Howard Tenenbaum
SL Green
11 deals$16.3M volume
LANDLORD

Details

LEASED
IMAGE: David Falk & Jason Greenstein DATE: 10/24/2023 ADDRESS: 450 Park Avenue MARKET: Midtown Manhattan ASSET TYPE: Office LANDLORD: Howard Tenenbaum & Gary Rosen - SL Green TENANT: Garnett Station Partners BROKERS: David Falk & Jason Greenstein - Newmark (@Newmark) ASKING RENT: $160/ft ~ SF: 24,963 NOTE: Investment firm Garnett Station Partners has signed a lease for 24,963 square feet of office space at 450 Park Avenue in Manhattan, owned by SL Green, at an asking rent of $160 per square foot.

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Deal Type
Effective Rent (Annual)

$4,578,765.11

Total Lease Value

$45,787,651.08

Net Landlord Cash Flow$4,578,765.11