William T. Grant Foundation Leases 12700 SF From Empire State Realty Trust At 60 E 42nd St
LEASED
$72
New York
See Similar DealsOffice12,700 SF
Leased 01/31/2018
LEASED
William T. Grant Foundation Leases 12700 SF From Empire State Realty Trust At 60 E 42nd St
60 E 42nd St, New York, NY, 10165
See Similar DealsOffice12,700 SF
Leased 01/31/2018
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$72
Total Square Footage:12,700 SF
Transaction Type:Lease
The property asset involved in this transaction is located at 60 E 42nd St, New York, NY, 10165. The leased space comprises 12,700 square feet with a rent of $72 per square foot. This transaction is situated in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not disclosed
- Address: 60 E 42nd St, New York, NY, 10165
- Market: New York
- Tenant: William T. Grant Foundation
- Landlord: Empire State Realty Trust
- Broker: Jonathan Larsen - Avison Young
This transaction involved key players, including the tenant, William T. Grant Foundation, and the landlord, Empire State Realty Trust. Jonathan Larsen from Avison Young represented the landlord in this lease agreement.
Players
LANDLORD
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,048,257.12
Total Lease Value
$10,482,571.24
Net Landlord Cash Flow$1,048,257.12
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