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TemPositions Leases 19,317 SF Office Space At 622 3rd Avenue In Midtown Manhattan

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LEASED
$70

New York

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Office19,317 SF
Leased 06/13/2024
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LEASED

TemPositions Leases 19,317 SF Office Space At 622 3rd Avenue In Midtown Manhattan

622 3rd Avenue

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Office19,317 SF
Leased 06/13/2024
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$70
Total Square Footage:19,317 SF
Transaction Type:Lease

The office asset located at 622 3rd Avenue in Midtown Manhattan has been leased to TemPositions, a temporary employment agency, for 19,317 square feet. The deal was facilitated by Marc Horowitz of Cohen Brothers Realty as the landlord and Matthew Leon of Newmark as the broker representing TemPositions. The asking rent for the space was $70 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 622 3rd Avenue
  • Market: Midtown Manhattan
  • Landlord: Marc Horowitz - Cohen Brothers Realty
  • Tenant: TemPositions
  • Broker: Matthew Leon - Newmark
  • Asking Rent: $70/ft
  • SF: 19,317

TemPositions, a temporary employment agency, successfully secured a 10-year lease for the 19,317 square feet space at 622 Third Avenue in Midtown Manhattan, following a sublease arrangement in the building. This lease agreement marks a significant real estate transaction in the commercial office market, consolidating TemPositions' presence in the bustling area of Midtown.

Players

Matthew (Matt) Leon
4 deals(212) 372-2041
BROKER

Details

LEASED
IMAGE: Marc Horowitz & Matthew Leon DATE: 06/13/2024 ADDRESS: 622 3rd Avenue MARKET: Midtown Manhattan ASSET TYPE: Office LANDLORD: Marc Horowitz - Cohen Brothers Realty TENANT: TemPositions BROKER: Matthew Leon - Newmark (@Newmark) ASKING RENT: $70/ft ~ SF: 19,317 NOTE: TemPositions, a temporary employment agency, secured a 10-year lease for 19,317 square feet in Midtown's 622 Third Avenue, following a sublease in the building.

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Deal Type
Effective Rent (Annual)

$1,550,134.30

Total Lease Value

$15,501,342.97

Net Landlord Cash Flow$1,550,134.30