Toccin Leases Office Space At 550 7th Avenue In Garment District
LEASED
$55
New York
See Similar DealsOffice5,800 SF
Leased 06/03/2024
LEASED
Toccin Leases Office Space At 550 7th Avenue In Garment District
550 7th Avenue
See Similar DealsOffice5,800 SF
Leased 06/03/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$55
Total Square Footage:5,800 SF
Transaction Type:Lease
The office at 550 7th Avenue, located in the Garment District, was leased for a single net lease with an asking rent of $55 per square foot. The lease encompasses 5,800 square feet of space and involves the landlord, Kaufman Organization, and the tenant, Toccin.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 550 7th Avenue
- Market: Garment District
- Asset Type: Office
- Landlord: Kaufman Organization
- Tenant: Toccin
- Landlord's Rep: Michael Heaner - Kaufman Organization
- Tenant's Rep: Oded Nachmani - Current Real Estate Advisors
- Asking Rent: $55/ft
- Lease Type: Single Net Lease
Michael Heaner from Kaufman Organization and Oded Nachmani from Current Real Estate Advisors represented the landlord and the tenant, respectively, in the leasing transaction of the office space at 550 7th Avenue.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$365,697.75
Total Lease Value
$3,656,977.50
Net Landlord Cash Flow$365,697.75
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