Stepping Out Studios Leases Office Space In Times Square On 617 W. 46th Street
LEASED
New York
See Similar DealsOffice5,000 SF
Leased 08/15/2020
LEASED
Stepping Out Studios Leases Office Space In Times Square On 617 W. 46th Street
617 West 46th Street, Manhattan, New York, NY, USA
See Similar DealsOffice5,000 SF
Leased 08/15/2020
Summary
NEW YORK
Asset Type:Office
Total Square Footage:5,000 SF
Transaction Type:Lease
An office space located at 617 W. 46th Street in Times Square has recently been leased. The property, measuring 5,000 square feet, was leased by Stepping Out Studios, a dance studio. The leasing deal was facilitated by Matt Newman of Current Real Estate. The asking rent for the space was $60 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: Leased
- Address: 617 W. 46th Street
- Market: Times Square
- Tenant: Stepping Out Studios
- Broker: Matt Newman - Current Real Estate
- Asking Rent: $60/ft.
- Square Footage: 5,000
Stepping Out Studios, a dance studio, leased an office space at 617 W. 46th Street in Times Square. The leasing deal was handled by Matt Newman from Current Real Estate. The space, measuring 5,000 square feet, was leased at an asking rent of $60 per square foot.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$286,596.98
Total Lease Value
$2,865,969.83
Net Landlord Cash Flow$286,596.98
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