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Perceptive Advisors Expands Lease At 51 Astor Place To 25,000 Square Feet In Midtown South
LEASED
New York
See Similar DealsOffice25,000 SF
Leased 08/04/2025
LEASED
Perceptive Advisors Expands Lease At 51 Astor Place To 25,000 Square Feet In Midtown South
51 Astor Place
See Similar DealsOffice25,000 SF
Leased 08/04/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:25,000 SF
Transaction Type:Lease
The asset involved in the transaction is an office space located at 51 Astor Place in Midtown South, encompassing 25,000 square feet. The landlord for this property is Edward J. Minskoff from Edward J. Minskoff Equities.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 51 Astor Place
- Market: Midtown South
- Size: 25,000 square feet
- Landlord: Edward J. Minskoff - Edward J. Minskoff Equities
- Tenant: Joseph Edelman - Perceptive Advisors
- Landlord's Representative: Paul Glickman, Mitchell Konsker, Benjamin Bass & Cynthia Wasserberger - JLL
- Tenant's Representative: Josh Friedman & Michael Horn - Newmark
Perceptive Advisors, represented by Joseph Edelman, is expanding its lease from 18,000 to 25,000 square feet. The transaction involved multiple representatives from both the landlord and tenant, including JLL for the landlord and Newmark for the tenant.
Players
BROKERAGE
BROKERAGE
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,432,984.91
Total Lease Value
$14,329,849.14
Net Landlord Cash Flow$1,432,984.91
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