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Steve Madden Signs 13-Year Lease For 60,003 Square Feet At 501 Seventh Avenue, Manhattan
LEASED
New York
See Similar DealsOffice60,003 SF
Leased 04/30/2026
LEASED
Steve Madden Signs 13-Year Lease For 60,003 Square Feet At 501 Seventh Avenue, Manhattan
501 7th Avenue
See Similar DealsOffice60,003 SF
Leased 04/30/2026
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:60,003 SF
Transaction Type:Lease
The asset involved in this transaction is a 60,003 square foot office space located at 501 7th Avenue in Manhattan. The lease signed for this property has a term of 13 years, with the asking rent at approximately low $60s per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 501 7th Avenue
- Market: Manhattan
- Lease Term: 13 years
- Landlord: Anthony E. Malkin - Empire State Realty Trust
- Tenant: Steve Madden
Steve Madden is relocating its headquarters from Long Island City to this new space, marking a significant move for the company. The landlord, Anthony E. Malkin, is representing Empire State Realty Trust in this lease agreement.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,439,335.75
Total Lease Value
$34,393,357.52
Net Landlord Cash Flow$3,439,335.75
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