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Forest Hills Financial Group Signs 10-Year Lease At 535 Fifth Avenue, NY
LEASED
$65
+ 1
New York
See Similar DealsOffice7,175 SF
Leased 07/13/2023
LEASED
Forest Hills Financial Group Signs 10-Year Lease At 535 Fifth Avenue, NY
535 5th Ave New York, NY 10017, USA
See Similar DealsOffice7,175 SF
Leased 07/13/2023
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$65
Total Square Footage:7,175 SF
Transaction Type:Lease
The Moinian Group has leased 7,175 square feet of office space at 535 Fifth Avenue in Midtown Manhattan, New York. The lease term is for 10 years at an asking rent of $65 per square foot.
Summary of Transaction Details:
- Property Type: Office
- Address: 535 Fifth Avenue
- Market: New York
- Landlord: The Moinian Group
- Tenant: Forest Hills Financial Group
- Brokers: Mitchell Arkin & Will Yeatman - Cushman & Wakefield; James Cassidy - DHCRealEstateServices; Robert Gallucci - Colliers International
- Asking Rent: $65/ft
- Lease Term: 10 years
Forest Hills Financial Group, a subsidiary of The Guardian Life Insurance Company of America, will be relocating its offices from 122 East 42nd Street to 535 Fifth Avenue. The move comes as they have signed a lease for the 7,175 square feet of office space in Midtown Manhattan.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$534,646.67
Total Lease Value
$5,346,466.71
Net Landlord Cash Flow$534,646.67
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