Barst & Mukamal LLP Leases Office Space From The Feil Organization In Midtown Manhattan
LEASED
$60
+ 2
New York
See Similar DealsOffice6,778 SF
Leased 01/01/2025
LEASED
Barst & Mukamal LLP Leases Office Space From The Feil Organization In Midtown Manhattan
551 5th Avenue
See Similar DealsOffice6,778 SF
Leased 01/01/2025
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$60
Total Square Footage:6,778 SF
Transaction Type:Lease
The office property located at 551 5th Avenue in Midtown Manhattan features a modified gross lease with an asking rent of $60 per square foot, encompassing a total of 6,778 square feet. The property is under the ownership of The Feil Organization.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $60/ft
- Address: 551 5th Avenue
- Market: Midtown Manhattan
- Landlord: The Feil Organization
- Tenant: Barst & Mukamal LLP
- Landlord's Representative: Andrew Wiener, Kevin Driscoll & Henry Korzec
- Tenant's Representative: Robin Fisher & Todd Hershman - Newmark
- Lease Type: Modified Gross Lease
Key individuals involved in the transaction include Andrew Wiener, Kevin Driscoll, and Henry Korzec representing the landlord, and Robin Fisher and Todd Hershman representing the tenant, Barst & Mukamal LLP.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$466,213.04
Total Lease Value
$4,662,130.44
Net Landlord Cash Flow$466,213.04
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