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Michael Bloomberg Expands Lease At SL Green Realty's 919 Third Avenue To 924,876 Square Feet
LEASED
New York
See Similar DealsOffice924,876 SF
Leased 10/16/2024
LEASED
Michael Bloomberg Expands Lease At SL Green Realty's 919 Third Avenue To 924,876 Square Feet
919 3rd Avenue
See Similar DealsOffice924,876 SF
Leased 10/16/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:924,876 SF
Transaction Type:Lease
The asset involved in this transaction is an office space located at 919 3rd Avenue in Midtown East, measuring 924,876 square feet. The landlord for this property is SL Green Realty.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 919 3rd Avenue
- Market: Midtown East
- Square Footage: 924,876
- Landlord: SL Green Realty
- Tenant: Michael Bloomberg - Bloomberg
- Brokers: Howard Fiddle, Christopher Mansfield, Zachary Weil, Ryan Luck, Robert Alexander, Ryan Alexander, Emily Chabrier, Taylor Callaghan, Alexander D’Amario & Nicole Marshall - CBRE
The deal includes an 11-year lease renewal and expansion for Bloomberg, set to begin in 2029. This follows a similar transaction where Bloomberg renewed an 11-year lease for 946,815 square feet at 731 Lexington Avenue in May.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$53,013,334.21
Total Lease Value
$530,133,342.10
Net Landlord Cash Flow$53,013,334.21
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