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Flushing Bank Renews Lease At 99 Park Avenue, Manhattan For 10 Years

Property Image
LEASED
$80
Kirill Azovtsev
Alex Redlus
+ 1

New York

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Office8,465 SF
Leased 04/30/2024
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Property Image
LEASED

Flushing Bank Renews Lease At 99 Park Avenue, Manhattan For 10 Years

99 Park Avenue

See Similar Deals
Office8,465 SF
Leased 04/30/2024
Kirill Azovtsev
Alex Redlus
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$80
Total Square Footage:8,465 SF
Transaction Type:Lease

Located at 99 Park Avenue in Murray Hill, Manhattan, the office space involved in the transaction spans 8,465 square feet. The landlord, Craig Panzirer of Global Holdings Management Group, finalized a lease renewal with Flushing Bank, a Queens-based financial institution, at an asking rent of $80 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 99 Park Avenue, Murray Hill, Manhattan
  • Market: Murray Hill, Manhattan
  • Landlord: Craig Panzirer - Global Holdings Management Group
  • Tenant: Flushing Bank
  • Brokers: Alex Redlus, James Wenk, Kirill Azovtsev & Shay Bolton - Savills
  • Asking Rent: $80/ft
  • Lease Term: 10-year renewal

The lease renewal deal at 99 Park Avenue in Manhattan was facilitated by brokers Alex Redlus, James Wenk, Kirill Azovtsev, and Shay Bolton from Savills. Flushing Bank committed to a 10-year lease term for the 8,465 square feet office space, maintaining a presence in the prime location at an $80 per square foot rent.

Players

Kirill Azovtsev
26 deals$10.3M volume(914) 573-9994
BROKER



Shay Bolton
Savills
6 deals$10.3M volume(212) 588-3469
BROKER

Details

LEASED
IMAGE: James Wenk, Alex Redlus, Craig Panzirer, Shay Bolton & Kirill Azovtsev DATE: 04/30/2024 ADDRESS: 99 Park Avenue MARKET: Murray Hill, Manhattan ASSET TYPE: Office LANDLORD: Craig Panzirer - Global Holdings Management Group TENANT: Flushing Bank BROKERS: Alex Redlus (@AlexRedlus), James Wenk, Kirill Azovtsev & Shay Bolton - Savills (@Savills) ASKING RENT: $80/ft ~ SF: 8,465 LEASE TERM: 10-year renewal NOTE: Flushing Bank, a Queens-based financial institution, renewed its lease for 8,465 square feet at 99 Park Avenue in Manhattan for 10 years, with an asking rent of $80 per square foot.

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Deal Type
Effective Rent (Annual)

$776,333.91

Total Lease Value

$7,763,339.07

Net Landlord Cash Flow$776,333.91