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Vornado Realty Trust Leases 6000 Square Feet To Lenox Advisors At 90 Park Ave New York

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LEASED

New York

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Office6,000 SF
Leased 04/22/2019
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Property Image
LEASED

Vornado Realty Trust Leases 6000 Square Feet To Lenox Advisors At 90 Park Ave New York

90 Park Ave, New York, NY, 10016

See Similar Deals
Office6,000 SF
Leased 04/22/2019
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:6,000 SF
Transaction Type:Lease

The property involved in this transaction is located at 90 Park Avenue, New York, NY, 10016, within the New York market. The space encompasses 6,000 square feet situated on the 17th floor of the building. The lease involves a significant move for the tenant, Lenox Advisors, which is transitioning from its previous location at 530 Fifth Avenue. The property is owned by Vornado Realty Trust and features a recent renovation valued at $80 million.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: Lenox Advisors
  • Landlord: Vornado Realty Trust
  • Landlord's Representative: Andrew Ackerman (RXR Realty)
  • Address: 90 Park Ave, New York, NY, 10016
  • Square Feet: 6,000

MassMutual’s sales office is part of this relocation, with Lenox Advisors being a wealth management firm that sells MassMutual products. The companies plan to complete their move to the new space by the end of next year.

Players

Andrew Ackerman
RXR Realty
Andrew Ackerman
12 deals(212) 444-3821
BROKER
Vornado Realty Trust
Vornado Realty Trust
LANDLORD

Details

LEASED
IMAGE: 90 Park Ave, New York, NY, 10016 MARKET: New York LANDLORD'S REP: Andrew Ackerman(RXR Realty) TENANT: Lenox Advisors LANDLORD: Vornado Realty Trust SQUARE FEET: 6000

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Deal Type
Effective Rent (Annual)

$343,916.38

Total Lease Value

$3,439,163.79

Net Landlord Cash Flow$343,916.38