New York City Police Foundation Leases 7,803 Square Feet At 530 Fifth Avenue In Manhattan

The property asset involved in the transaction is an office space located at 530 5th Avenue, Manhattan. The space encompasses 7,803 square feet and has an asking rent of $85 per square foot, with a lease term of 11 years.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $663,255
• Address: 530 5th Avenue
• Market: Manhattan
• Landlord: Scott Rechler & William Elder - RXR
• Tenant: Susan L. Birnbaum - New York City Police Foundation
• Landlord's Representatives: Andrew Ackerman & Walter Rooney - RXR Realty; John Ryan, Joseph Gervino & Patrick Steffens - Avison Young
• Tenant's Representatives: Alexander Kesseler & Joshua Berg - Newmark
• Lease Term: 11 years
• Square Footage: 7,803

The New York City Police Foundation is relocating from its current location at 555 Fifth Avenue. The lease agreement, facilitated by several representatives, signifies the nonprofit's commitment to law enforcement operations in the area.