Lantern Community Services Leases Office Space At 575 8th Avenue In Garment District, Manhattan
LEASED
$41
New York
See Similar DealsOffice9,500 SF
Leased 09/12/2023
LEASED
Lantern Community Services Leases Office Space At 575 8th Avenue In Garment District, Manhattan
575 8th Avenue
See Similar DealsOffice9,500 SF
Leased 09/12/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$41
Total Square Footage:9,500 SF
Transaction Type:Lease
The office space located at 575 8th Avenue in the Garment District of Manhattan has recently been leased. The property, owned by Olmstead Properties, will now be occupied by Lantern Community Services. The lease agreement, facilitated by the landlord's representative, Daniel Breiman of Olmstead Properties, and the tenant's representative, Samuel Hartstein of Ripco, has a term of 10 years. The asking rent for the 9,500 square feet of space is $41 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 575 8th Avenue
- Market: Garment District, Manhattan
- Landlord: Olmstead Properties
- Tenant: Lantern Community Services
- Tenant's Representative: Samuel Hartstein - Ripco
It is important to note that no additional details were provided regarding the transaction.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$446,518.10
Total Lease Value
$4,465,180.99
Net Landlord Cash Flow$446,518.10
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