Medrite Signs NNN Lease For Retail Space At 220 E 42nd St In Midtown East With Landlord SL Green Realty And Tenant's Rep Greg Parassio - Booth Street
LEASED
$84
New York
See Similar DealsRetail4,722 SF
Leased 09/05/2022
LEASED
Medrite Signs NNN Lease For Retail Space At 220 E 42nd St In Midtown East With Landlord SL Green Realty And Tenant's Rep Greg Parassio - Booth Street
220 E 42nd St New York, NY 10017, USA
See Similar DealsRetail4,722 SF
Leased 09/05/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$84
Total Square Footage:4,722 SF
Transaction Type:Lease
The recently leased property in Midtown East at 220 E 42nd St has garnered attention in the real estate market. The asset type is a retail space, which spans approximately 4,722 square feet. The lease, signed on September 5, 2022, follows the NNN Lease model and features an asking rent of $84 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: September 5, 2022
- Address: 220 E 42nd St
- Market: Midtown East
- Asking Rent: $84/ft.
- Square Footage: 4,722
SL Green Realty is the landlord in this deal, while Medrite is the tenant. Representing the landlord is Ariel Schuster from Newmark, and the tenant is represented by Greg Parassio from Booth Street. These individuals and companies played pivotal roles in finalizing the lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$454,712.48
Total Lease Value
$4,547,124.80
Net Landlord Cash Flow$454,712.48
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