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Eli Elefant's Property & Building Corporation Leases Office Space To Life Time In Manhattan

Property Image
LEASED
$50
Joe Mastromonaco
Patrick Smith
+ 2

New York

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Office52,000 SF
Leased 06/20/2025
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Property Image
LEASED

Eli Elefant's Property & Building Corporation Leases Office Space To Life Time In Manhattan

452 5th Avenue

See Similar Deals
Office52,000 SF
Leased 06/20/2025
Joe Mastromonaco
Patrick Smith
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$50
Total Square Footage:52,000 SF
Transaction Type:Lease

The property asset involved in this transaction is an office space located at 452 5th Avenue in Manhattan. The asset covers an area of 52,000 square feet and is classified as an office type property with a retail lease.

Summary of transaction details:

The deal features key individuals including Eli Elefant, who represents the landlord, and Parham Javaheri, the tenant. The landlord's interests are represented by Patrick Smith and Amanda Sujak from JLL, while Joe Mastromonaco and Colleen Morrissey from Atlantic Retail act as representatives for the tenant in this lease agreement.

Players

Patrick Smith
6 deals$1.3M volume
BROKER

Joe Mastromonaco
4 deals$6.3M volume
BROKER

Amanda Sujak
JLL
5 deals
BROKER


JLL
BROKERAGE


Eli Elefant
3 deals
LANDLORD



Details

LEASED
IMAGE: Joe Mastromonaco, Colleen Morrissey, Eli Elefant, Parham Javaheri, Patrick Smith & Amanda Sujak DATE: 6/20/2025 ADDRESS: 452 5th Avenue MARKET: Manhattan ASSET TYPE: Office ~ SF: 52,000 LANDLORD: Eli Elefant - Property & Building Corporation , TENANT: Parham Javaheri - Life Time LANDLORD'S REP: Patrick Smith & Amanda Sujak (@AmandaSujak) - JLL (@JLL) TENANT'S REP: Joe Mastromonaco (@JdMastro) & Colleen Morrissey (@CollfMorr) - Atlantic Retail (@Atlantic_Retail) (@AtlanticNYC) LEASE TERM: 20 years LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$2,980,608.62

Total Lease Value

$29,806,086.21

Net Landlord Cash Flow$2,980,608.62