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Rockella Signs 15-Year Lease For 16,243 Square Feet Office In Midtown Manhattan
LEASED
New York
See Similar DealsOffice16,243 SF
Leased 01/28/2025
LEASED
Rockella Signs 15-Year Lease For 16,243 Square Feet Office In Midtown Manhattan
520 8th Avenue
See Similar DealsOffice16,243 SF
Leased 01/28/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:16,243 SF
Transaction Type:Lease
The asset involved in this transaction is an office located at 520 8th Avenue in Midtown Manhattan. The total square footage of the office is 16,243. The transaction pertains to a lease agreement rather than a sale, and no transaction amount is specified.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Duration: 15 years
- Landlord: Brian Steinwurtzel & Eric Gural - GFP Real Estate
- Tenant: Rockella
- Brokers: Aidan Campbell & Michael Joseph - Colliers
- Planned Occupancy: 24th floor this spring
This lease transaction involves Brian Steinwurtzel and Eric Gural acting as landlords, representing GFP Real Estate. Rockella is the tenant that signed the lease, while Aidan Campbell and Michael Joseph represent the brokerage firm Colliers in this transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$931,038.96
Total Lease Value
$9,310,389.58
Net Landlord Cash Flow$931,038.96
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