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Icahn School Of Medicine At Mount Sinai Leases 165,000 Sq Ft Office In New York

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LEASED

New York

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Office165,000 SF
Leased 03/04/2021
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Property Image
LEASED

Icahn School Of Medicine At Mount Sinai Leases 165,000 Sq Ft Office In New York

787 11th Ave, New York, NY, 10019

See Similar Deals
Office165,000 SF
Leased 03/04/2021
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:165,000 SF
Transaction Type:Lease

The property at 787 11th Ave, New York, NY, 10019, in the New York market, is an office space spanning 165,000 square feet. The lease transaction was finalized on 03/04/2021, with The Georgetown Co as the landlord and Icahn School of Medicine at Mount Sinai as the tenant. Robert Martinez of Rockstar Capital represented the tenant, while Peter Riguardi and Steven Rotter of JLL represented the landlord.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenants' Rep: Robert Martinez (Rockstar Capital)
  • Landlords' Rep: Peter Riguardi (JLL), Steven Rotter (JLL)
  • Tenant: Icahn School of Medicine at Mount Sinai
  • Landlord: The Georgetown Co

Notable figures involved in the lease deal at 787 11th Ave include Robert Martinez from Rockstar Capital serving as the tenant's representative. On the landlord's side, the representation was handled by Peter Riguardi and Steven Rotter, both from JLL. The choice of The Georgetown Co as the landlord and the Icahn School of Medicine at Mount Sinai as the tenant underscores the strategic importance of this transaction in the New York office market.

Players

Peter Riguardi
17 deals$38.2M volume
BROKER

Robert Martinez
Rockstar Capital
5 deals$51M volume
BROKER

Steven Rotter
Newmark
20 deals$270M volume(520) 465-0000
BROKER

LANDLORD

Details

LEASED
IMAGE: 03/04/2021 ADDRESS: 787 11th Ave, New York, NY, 10019 MARKET: New York ASSET TYPE: Office TENANT'S REP: Robert Martinez(Rockstar Capital) LANDLORD'S REP: Peter Riguardi(JLL), Steven Rotter(JLL) TENANT: Icahn School of Medicine at Mount Sinai LANDLORD: The Georgetown Co SQUARE FEET: 165000

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Deal Type
Effective Rent (Annual)

$9,457,700.43

Total Lease Value

$94,577,004.32

Net Landlord Cash Flow$9,457,700.43