Savills Brokers Lease At 5 Penn Plaza New York With CBRE For 28641 Square Feet At $65/SF
LEASED
$65
New York
See Similar DealsOffice28,641 SF
LEASED
Savills Brokers Lease At 5 Penn Plaza New York With CBRE For 28641 Square Feet At $65/SF
5 Penn PLZ, New York, NY, 10001
See Similar DealsOffice28,641 SF
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$65
Total Square Footage:28,641 SF
Transaction Type:Lease
This lease transaction involves a property located at 5 Penn Plaza, New York, NY, 10001. The market for this transaction is New York, and the property features a rental rate of $65 per square foot. The total area of the space leased is 28,641 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 5 Penn Plaza, New York, NY, 10001
- Market: New York
- Tenant's Representative: David Goldstein - Savills
- Brokers: Gabe Marans - Savills Studley
- Landlord: CBRE
- Rent/SF: $65
- Square Feet: 28,641
Key individuals involved in the deal include David Goldstein of Savills, representing the tenant, and Gabe Marans from Savills Studley as the broker. The landlord, CBRE, is the entity overseeing the leasing of the property.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,134,190.29
Total Lease Value
$21,341,902.88
Net Landlord Cash Flow$2,134,190.29
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