GFP Real Estate Leases Office Space To Four Tenants At 505 Eighth Ave
LEASED
New York
See Similar DealsOffice2,300 SF
Leased 08/12/2022
LEASED
GFP Real Estate Leases Office Space To Four Tenants At 505 Eighth Ave
505 8th Ave, New York, NY, 10018
See Similar DealsOffice2,300 SF
Leased 08/12/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:2,300 SF
Transaction Type:Lease
Located at 505 8th Ave, New York, NY, 10018, the office property spans 12,450 square feet in Midtown Manhattan. It witnessed four lease signings, with a notable renewal by Greystone & Co. for 7,400 square feet. Construction Technology Laboratories also secured a 5-year lease for 2,300 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant's Rep: Stephen Sunderland()
- Landlord: GFP Real Estate
- Square Feet: 2300
All leases were orchestrated with careful representation. Senior Managing Director Allen Gurevich acted on behalf of GFP Real Estate in the entirety of the transactions. Another key figure in the deals was Senior Managing Director Donna Vogel, representing RentQuest in securing a three-year lease for 900 square feet on the 10th floor. These individuals played pivotal roles in the successful leasing activities at 505 8th Ave.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$131,834.61
Total Lease Value
$1,318,346.12
Net Landlord Cash Flow$131,834.61
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