Durst Organization Leases 51778 Square Feet To Rosenberg & Estis At 733 3rd Ave New York
LEASED
New York
See Similar DealsOffice51,778 SF
Leased 08/22/2018
LEASED
Durst Organization Leases 51778 Square Feet To Rosenberg & Estis At 733 3rd Ave New York
733 3rd Ave, New York, NY, 10017
See Similar DealsOffice51,778 SF
Leased 08/22/2018
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:51,778 SF
Transaction Type:Lease
The property involved in this transaction is located at 733 3rd Ave, New York, NY, 10017. It is situated in the New York market and encompasses a total area of 51,778 square feet, including a 2,099-square-foot terrace. The tenant, Rosenberg & Estis, signed a new 10-year lease for the entire 15th floor, which measures 16,456 square feet, while also renewing the space on the 12th and 14th floors.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 733 3rd Ave, New York, NY, 10017
- Market: New York
- Landlord: Durst Organization
- Tenant: Rosenberg & Estis
- Landlord's Representative: Ashley Mays
The law firm, founded in 1975, relocated to this building in 1993. It was the second-largest real estate law firm in New York City last year, based on attorney count, employing 81 lawyers.
Players
BROKERAGE
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,967,883.71
Total Lease Value
$29,678,837.15
Net Landlord Cash Flow$2,967,883.71
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