Justworks Leases 59140 Square Feet At 198 12th Ave From Tommy Hilfiger For $39/SF
LEASED
$39
New York
See Similar DealsRetail59,140 SF
Leased 08/22/2017
LEASED
Justworks Leases 59140 Square Feet At 198 12th Ave From Tommy Hilfiger For $39/SF
198 12th Ave, New York, NY, 10001
See Similar DealsRetail59,140 SF
Leased 08/22/2017
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$39
Total Square Footage:59,140 SF
Transaction Type:Lease
The lease transaction involves a property located at 198 12th Ave, New York, NY, 10001. This location is situated in the New York market and encompasses a total of 59,140 square feet. The rent per square foot is set at $39.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 198 12th Ave, New York, NY, 10001
- Market: New York
- Tenant: Justworks
- Landlord: Tommy Hilfiger
- Tenant's Representative: Connor Sullivan-Cushman & Wakefield
This transaction highlights the involvement of key individuals, including the tenant, Justworks, and the landlord, Tommy Hilfiger. Connor Sullivan of Cushman & Wakefield represents the tenant in this deal, facilitating the lease arrangement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,644,097.91
Total Lease Value
$26,440,979.08
Net Landlord Cash Flow$2,644,097.91
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