Princeton International Properties Leases Office Space In New York For $48/SF
LEASED
$48
New York
See Similar DealsOffice12,000 SF
Leased 05/13/2016
LEASED
Princeton International Properties Leases Office Space In New York For $48/SF
90 Broad St, New York, NY, 10004
See Similar DealsOffice12,000 SF
Leased 05/13/2016
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$48
Total Square Footage:12,000 SF
Transaction Type:Lease
Located at 90 Broad St, New York, NY, 10004, this office property in New York spans 12,000 square feet. The lease for this property was finalized on 05/13/2016, with a rental rate of $48 per square foot. The landlord, Princeton International Properties, was represented by Scott Cahaly from JLL, while the tenant, represented by Marc Shapses from Savills, secured this space for their operations.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Market: New York
Marc Shapses from Savills acted as the tenant's representative in this leasing deal, negotiating on behalf of the tenant. On the other side, Scott Cahaly from JLL represented Princeton International Properties, the landlord of the office space. The agreement was reached at a rate of $48 per square foot, finalizing the lease of this 12,000 square foot property at 90 Broad St, New York, NY, 10004.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$660,319.45
Total Lease Value
$6,603,194.48
Net Landlord Cash Flow$660,319.45
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