Joseph Haddad And Sonny Haddad Lease Office To SpectraFem At 119 5th Avenue For 20 Years
LEASED
$71
New York
See Similar DealsOffice8,750 SF
Leased 03/02/2026
LEASED
Joseph Haddad And Sonny Haddad Lease Office To SpectraFem At 119 5th Avenue For 20 Years
119 5th Avenue
See Similar DealsOffice8,750 SF
Leased 03/02/2026
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$71
Total Square Footage:8,750 SF
Transaction Type:Lease
The property involved in this transaction is an office asset located at 119 5th Avenue in Manhattan. The asking rent for this space is $71 per square foot, with a total size of 8,750 square feet. The lease term established for this property is 20 years under a Single Net Lease agreement.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $71/ft
- Address: 119 5th Avenue
- Market: Manhattan
- Lease Term: 20 Years
- Lease Type: Single Net Lease
- Landlord: Joseph Haddad & Sonny Haddad
- Tenant: SpectraFem
- Landlord's Representative: Michael Segerman - Current Real Estate Advisors
- Tenant's Representative: Jonathan Ortiz - JLL
The deal features two key representatives facilitating the agreement, with Michael Segerman representing the landlords, Joseph Haddad and Sonny Haddad, through Current Real Estate Advisors. Jonathan Ortiz is the representative for the tenant, SpectraFem, associated with JLL.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$712,193.50
Total Lease Value
$7,121,935.02
Net Landlord Cash Flow$712,193.50
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