MiddleGround Capital Leases Multifamily Property In SoHo With Landlord Madison Capital
LEASED
New York
See Similar DealsOther8,425 SF
Leased 09/15/2020
LEASED
MiddleGround Capital Leases Multifamily Property In SoHo With Landlord Madison Capital
444 Broadway, New York, NY 10013, USA
See Similar DealsOther8,425 SF
Leased 09/15/2020
Summary
NEW YORK
Asset Type:Other
Total Square Footage:8,425 SF
Transaction Type:Lease
Located at 10 Crosby (444 Broadway) in the SoHo market, this multifamily property has recently been leased. The transaction involved MiddleGround Capital as the tenant and Madison Capital as the landlord.
Summary of Transaction Details
- Property Type: Multifamily
- Asking Price: $82/ft.
- Square Footage: 8,425
- Tenant: MiddleGround Capital
- Landlord: Madison Capital
- Tenant's Rep: Daniel Lolai & Joel Kubie - LSL Advisors
- Landlord's Rep: Kyle Young, Mitch Konsker & Dan Turkewitz - Jones Lang LaSalle (JLL)
The deal was facilitated by Daniel Lolai and Joel Kubie from LSL Advisors, representing the tenant, and by Kyle Young, Mitch Konsker, and Dan Turkewitz from Jones Lang LaSalle (JLL), representing the landlord.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$482,915.92
Total Lease Value
$4,829,159.16
Net Landlord Cash Flow$482,915.92
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