Chuck Taube Leases Office Space To GTS In Chelsea At 625 6th Avenue For 15 Years
LEASED
$85
New York
See Similar DealsOffice35,156 SF
Leased 11/22/2024
LEASED
Chuck Taube Leases Office Space To GTS In Chelsea At 625 6th Avenue For 15 Years
625 6th Avenue
See Similar DealsOffice35,156 SF
Leased 11/22/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$85
Total Square Footage:35,156 SF
Transaction Type:Lease
The property asset involved in this transaction is an office space located at 625 6th Avenue in the Chelsea market. The leasing agreement covers a total space of 35,156 square feet, with an asking rent of $85 per square foot. The lease term is set for a duration of 15 years and follows a Full Service Gross lease type.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $85/ft
- Lease Term: 15 years
- Square Footage: 35,156
- Landlord: Chuck Taube
- Tenant: GTS
- Landlord's Representative: Ross Eisenberg - RDE Advisors
- Tenant's Representatives: Norman Bobrow & David Badner - Norman Bobrow & Company
- Address: 625 6th Avenue
- Market: Chelsea
The transaction features GTS occupying the entire 3rd floor of the property. Additionally, the building at 625 6th Avenue boasts a new roofdeck and lobby, and there is one floor remaining available for lease.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,425,705.20
Total Lease Value
$34,257,051.99
Net Landlord Cash Flow$3,425,705.20
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