Glorious Sun Leases Office & Retail Space At 505 Park Avenue To SPA Dental Group On Upper East Side
LEASED
+ 1
New York
See Similar DealsOffice2,800 SF
Leased 09/21/2021
LEASED
Glorious Sun Leases Office & Retail Space At 505 Park Avenue To SPA Dental Group On Upper East Side
505 Park Avenue, New York, NY 10022, USA
See Similar DealsOffice2,800 SF
Leased 09/21/2021
+ 1
Summary
NEW YORK
Asset Type:Office
Total Square Footage:2,800 SF
Transaction Type:Lease
The property involved in this closed transaction is located at 505 Park Avenue in the Upper East Side market. It is an office and retail asset with a total square footage of 2,800. The deal took place on September 21, 2021.
Summary of transaction details
- Property Type: Office + Retail
- Address: 505 Park Avenue
- Market: Upper East Side
Glorious Sun is the landlord of the property, while SPA Dental Group is the retail tenant. The tenant was represented by Corey Shuster, Arthur Maglio, and Diana Zisholtz from SZCommercial at DouglasElliman. The landlord, on the other hand, was represented by Michael Azarian and James Ariola from Cushman & Wakefield.
The asking rent for the property was $195 per square foot.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$160,494.31
Total Lease Value
$1,604,943.10
Net Landlord Cash Flow$160,494.31
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