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Greystone Signs Seven-Year Lease For 8000 Square Feet At 499 Seventh Avenue In Manhattan

Property Image
LEASED
$52
Elliot Zelinger
+ 2

New York

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Office8,000 SF
Leased 02/03/2025
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Property Image
LEASED

Greystone Signs Seven-Year Lease For 8000 Square Feet At 499 Seventh Avenue In Manhattan

499 Seventh Avenue

See Similar Deals
Office8,000 SF
Leased 02/03/2025
Elliot Zelinger
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$52
Total Square Footage:8,000 SF
Transaction Type:Lease

The property at 499 Seventh Avenue is an office asset located in the Manhattan market, featuring a lease signed by Greystone. The asking rent for the property is set at $52 per square foot for a total area of 8,000 square feet.

Summary of transation details:

The transaction involved multiple representatives from both the landlord and tenant sides, with Savitt Partners acting on behalf of the landlord and Newmark representing the tenant. Charles Di Maggio secured the lease agreement for the third floor of the building, facilitated by the representatives during the negotiation process.

Players

9 deals
BROKER

Elliot Zelinger
8 deals(212) 452-6078
BROKER



Matthew Savitt
Savitt Partners
2 deals
BROKER

Details

LEASED
IMAGE: Stephen Rosenberg, Charles Di Maggio, Elliot Zelinger, Matthew Savitt, Brian Neugeboren, Jake Leon & Matthew Leon DATE: 02/03/2025 ADDRESS: 499 Seventh Avenue MARKET: Manhattan ASSET TYPE: Office LANDLORD: Thomas Block TENANT: Charles Di Maggio - Greystone (@GreystoneCREF) LANDLORD'S REP: Brian Neugeboren (@BrianNeugeboren), Elliot Zelinger (@ElliotZelinger) & Matthew Savitt - Savitt Partners TENANT'S REP: Jake Leon & Matthew Leon - Newmark (@Newmark) ASKING RENT: $52/ft ~ SF: 8,000 NOTE: Greystone signed a seven-year, 8,000-square-foot lease for the third floor of 499 Seventh Avenue at $52 per square foot.

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Deal Type
Effective Rent (Annual)

$476,897.38

Total Lease Value

$4,768,973.79

Net Landlord Cash Flow$476,897.38