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Riverside Immigrant Services & Empowerment Signs 10-Year Lease At 520 8th Avenue In Garment District
LEASED
New York
See Similar DealsOffice7,649 SF
Leased 06/04/2025
LEASED
Riverside Immigrant Services & Empowerment Signs 10-Year Lease At 520 8th Avenue In Garment District
520 8th Avenue
See Similar DealsOffice7,649 SF
Leased 06/04/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:7,649 SF
Transaction Type:Lease
The property asset involved in this transaction is located at 520 8th Avenue in the Garment District. It features an office space encompassing 7,649 square feet and is situated on the 20th floor of the building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 10-year lease
- Landlord: Eric Gural & Brian Steinwurtzel - GFP Real Estate
- Tenant: Riverside Immigrant Services & Empowerment
- Broker: Matthew Mandell - GFP Real Estate
The transaction highlights the role of Eric Gural and Brian Steinwurtzel as landlords representing GFP Real Estate. Riverside Immigrant Services & Empowerment is relocating from West 89th Street to a more central location in the Garment District, showcasing a strategic move to enhance accessibility for its services.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$438,436.06
Total Lease Value
$4,384,360.64
Net Landlord Cash Flow$438,436.06
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