PT OF THE CITY Leases 3,500 SF Office Space At 575 8th Avenue In New York City
LEASED
$41
New York
See Similar DealsOffice9,500 SF
Leased 04/26/2023
LEASED
PT OF THE CITY Leases 3,500 SF Office Space At 575 8th Avenue In New York City
575 8th Avenue
See Similar DealsOffice9,500 SF
Leased 04/26/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$41
Total Square Footage:9,500 SF
Transaction Type:Lease
Olmstead Properties has leased an office space located at 575 8th Avenue in New York City. The lease term is for 10 years, with an asking rent of $41 per square foot. The total square footage of the space is 3,500 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not applicable for lease transactions
- Market: New York City
The tenant, PT OF THE CITY, has signed the lease agreement with Olmstead Properties. Samuel Hartstein from Gemstone Realty Group LLC represented both the landlord and the tenant in this deal.
Players
LANDLORD
TENANT
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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