CVS Pharmacy Leases Office Space At 512 7th Avenue In Garment District
LEASED
New York
See Similar DealsOffice11,000 SF
Leased 03/05/2021
LEASED
CVS Pharmacy Leases Office Space At 512 7th Avenue In Garment District
512 7th Avenue, Manhattan, New York, NY, USA
See Similar DealsOffice11,000 SF
Leased 03/05/2021
Summary
NEW YORK
Asset Type:Office
Total Square Footage:11,000 SF
Transaction Type:Lease
An office space located at 512 7th Avenue in the Garment District has been leased. The lease transaction took place on March 5, 2021. The property has a total area of 11,000 square feet and is owned by Chetrit Group, Minskoff Equities, and Moinian Group. The tenant for this lease is CVS Pharmacy. The deal was facilitated by Steven Bentolila from Oxford NYC. The asking rent for the space was $350 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 512 7th Avenue
- Market: Garment District
The lease of the office space at 512 7th Avenue was secured by CVS Pharmacy. The property is owned by Chetrit Group, Minskoff Equities, and Moinian Group. Steven Bentolila from Oxford NYC represented CVS Pharmacy in the transaction. The lease was finalized with an asking rent of $350 per square foot.
Players
BROKERAGE
LENDER
LANDLORD
LANDLORD
LANDLORD
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$630,513.36
Total Lease Value
$6,305,133.62
Net Landlord Cash Flow$630,513.36
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