Turn On Products Leases 11,525 S/f Office Space In NYC For $45/SF
LEASED
New York
See Similar DealsOffice11,525 SF
Leased 12/20/2018
LEASED
Turn On Products Leases 11,525 S/f Office Space In NYC For $45/SF
48 W 37th St, New York, NY, 10018
See Similar DealsOffice11,525 SF
Leased 12/20/2018
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:11,525 SF
Transaction Type:Lease
Located at 48 West 37th Street in New York, NY, the office property consists of 11,525 square feet and was leased for $45 per square foot. Adams & Co. Real Estate facilitated the ten-year lease agreement for Turn On Products, also known as Younique Clothing, with Forty Eight Thirty Seven Associates.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant's Representative: Gregory (Greg) Albert(Savills)
- Tenant: Turn On Products
- Landlord: Forty Eight Thirty Seven Associates
- Square Feet: 11,525
Greg Albert of Kaufman Leasing Company & Scott L. Kestenbaum assisted Turn On Products in the lease transaction, representing the tenant in securing the full 5th floor of the building for general and executive office use. The prime location of 48 West 37th Street, known for its proximity to major NYC transportation hubs, continues to attract businesses seeking convenient access for employees.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$660,606.05
Total Lease Value
$6,606,060.45
Net Landlord Cash Flow$660,606.05
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