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Capalino Associates Leases 8,424 SF Office Space At 730 3rd Avenue In Turtle Bay, Manhattan

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LEASED
$88
Neil King
Emily Jones Chabrier
+ 4

New York

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Office8,424 SF
Leased 11/20/2023
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Property Image
LEASED

Capalino Associates Leases 8,424 SF Office Space At 730 3rd Avenue In Turtle Bay, Manhattan

730 3rd Avenue

See Similar Deals
Office8,424 SF
Leased 11/20/2023
Neil King
Emily Jones Chabrier
+ 4
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$88
Total Square Footage:8,424 SF
Transaction Type:Lease

Capalino Associates has secured an 8,424-square-foot lease at 730 Third Avenue in Turtle Bay, Manhattan. The office space is located at a prime address and offers ample square footage for Capalino Associates' operations. The lease comes with an asking rent of $88 per square foot, a favorable rate for the tenant. This relocation allows Capalino Associates to move from The Woolworth Building to a new space that better suits their needs.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not Provided
  • Address: 730 Third Avenue, Turtle Bay, Manhattan
  • Market: Turtle Bay, Manhattan

The landlords of 730 Third Avenue are Mike Sales from Nuveen Real Estate and Paul E. Pariser from Taconic Partners. They have facilitated the lease agreement with Capalino Associates. Representing the landlords in the deal are Emily Chabrier, Neil King, Paul Amrich, and Shay Kenney from CBRE. On the other hand, Capalino Associates is represented by David Hoffman, Robert Billingsley, and Sam Hoffman from Cushman & Wakefield. These brokers have played a crucial role in negotiating and finalizing the lease on behalf of their respective clients.

Players

Paul Amrich
37 deals
BROKER

Neil King
CBRE
29 deals
BROKER

Emily Jones Chabrier
CBRE
15 deals(408) 832-3575
BROKER

Robert Billingsley
Cushman & Wakefield
2 deals
BROKER



Details

LEASED
IMAGE: Paul Amrich, Emily Chabrier, Neil King, Shay Kenney, Mike Sales, Robert Billingsley, Paul E. Pariser, David Hoffman, & Sam Hoffman DATE: 11/20/2023 ADDRESS: 730 3rd Avenue MARKET: Turtle Bay, Manhattan ASSET TYPE: Office LANDLORD: Mike Sales - Nuveen Real Estate (@Nuveeninv) & Paul E. Pariser - Taconic Partners TENANT: Capalino Associates LANDLORD'S REP: Emily Chabrier, Neil King, Paul Amrich & Shay Kenney (@Shay_Kenney) - CBRE (@CBRE) TENANT'S REP: David Hoffman, Robert Billingsley & Sam Hoffman - Cushman & Wakefield (@CushWake) ASKING RENT: $88/ft ~ SF: 8,424 NOTE: Capalino Associates has secured an 8,424-square-foot lease at 730 Third Avenue, relocating from The Woolworth Building. The lease comes with an asking rent of $88 per square foot.

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Deal Type
Effective Rent (Annual)

$849,831.13

Total Lease Value

$8,498,311.30

Net Landlord Cash Flow$849,831.13