Amazon Music Leases Office Space At 25 Kent In Williamsburg
LEASED
New York
See Similar DealsOther40,000 SF
Leased 09/08/2020
LEASED
Amazon Music Leases Office Space At 25 Kent In Williamsburg
25 Kent Ave, Brooklyn, NY 11249, USA
See Similar DealsOther40,000 SF
Leased 09/08/2020
Summary
NEW YORK
Asset Type:Other
Total Square Footage:40,000 SF
Transaction Type:Lease
25 Kent, located in the Williamsburg market, was leased on September 8, 2020. The office space encompasses approximately 40,000 square feet, with an asking rent of $70-80 per square foot. The tenants of this property are Amazon Music, a well-known music streaming service. The lease was signed with Rubenstein Partners & Heritage Equity Partners as the landlords. Other notable tenants in the building include Kith, who signed a lease in December 2019 for 58,000 square feet.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 25 Kent
- Market: Williamsburg
- Asking Rent: $70-80/ft. (Approx.)
- Square Footage: 40,000
- Tenant: Amazon Music
- Landlord: Rubenstein Partners & Heritage Equity Partners
Toby Moskovits, represents Rubenstein Partners & Heritage Equity Partners in this lease deal.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,292,775.86
Total Lease Value
$22,927,758.62
Net Landlord Cash Flow$2,292,775.86
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