M. Rapaport Co., Inc Leases Office Space To UpClear At 150 West 22nd Street In Chelsea
LEASED
$55
New York
See Similar DealsOffice6,900 SF
Leased 10/01/2025
LEASED
M. Rapaport Co., Inc Leases Office Space To UpClear At 150 West 22nd Street In Chelsea
150 West 22nd Street
See Similar DealsOffice6,900 SF
Leased 10/01/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$55
Total Square Footage:6,900 SF
Transaction Type:Lease
The asset involved in this lease transaction is an office space located at 150 West 22nd Street in Chelsea, Manhattan. The property encompasses 6,900 square feet and the asking rent for this modified gross lease is set at $55 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $379,500
- Lease Type: Modified Gross Lease
- Landlord: M. Rapaport Co., Inc
- Tenant: UpClear
- Landlord's Representative: Eli Someck
- Tenant's Representative: Joel Kubie - Benchmark Properties
The transaction involves key representatives including Eli Someck, who represents M. Rapaport Co., Inc, and Joel Kubie, who represents UpClear through Benchmark Properties. Their roles were crucial in facilitating the lease agreement between the landlord and tenant.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$435,054.22
Total Lease Value
$4,350,542.20
Net Landlord Cash Flow$435,054.22
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