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AFP Properties Leases 11,588 SF Office Space To Worthy In Midtown Manhattan

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LEASED
Marc Sitt
Jeff Geoghegan
+ 3

New York

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Retail11,588 SF
Leased 02/07/2024
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Property Image
LEASED

AFP Properties Leases 11,588 SF Office Space To Worthy In Midtown Manhattan

25 West 45th Street

See Similar Deals
Retail11,588 SF
Leased 02/07/2024
Marc Sitt
Jeff Geoghegan
+ 3
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:11,588 SF
Transaction Type:Lease

A significant lease agreement has been secured at 25 West 45th Street in New York City. The property is an office space spanning 11,588 square feet. The landlord, Fabrice Fries of AFP Properties, has entered into this lease agreement with online jewelry auctioneer Worthy.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 25 West 45th Street
  • Market: Midtown Manhattan
  • Size: 11,588 SF

Playing a significant role in this transaction, the landlord's representatives were John Ryan and Joshua Goldman from Avison Young. On the other hand, Sean Hoffman from Cushman & Wakefield served as the tenant's representative for Worthy.

Players

Jeff Geoghegan
27 deals(212) 945-8984
BROKER

Marc Sitt
Kassin Sabbagh Realty
64 deals$272.9M volume(917) 757-8863
BROKER

Dorel Melloul
Kassin Sabbagh Realty
32 deals$4.8M volume
BROKER

Sean Hoffman
Cushman & Wakefield
2 deals
BROKER


Details

LEASED
IMAGE: Sean Hoffman, Fabrice Fries, John Ryan & Joshua Goldman DATE: 02/07/2024 ADDRESS: 25 West 45th Street MARKET: Midtown Manhattan ASSET TYPE: Office ~ SF: 11,588 LANDLORD: Fabrice Fries - AFP Properties TENANT: Worthy LANDLORD'S REP: John Ryan & Joshua Goldman - Avison Young TENANT'S REP: Sean Hoffman - Cushman & Wakefield NOTE: Boutique office developer AFP Properties secured a significant lease agreement with online jewelry auctioneer Worthy for 11,588 square feet at 25 West 45th Street in New York City. &Wakefield

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Deal Type
Effective Rent (Annual)

$664,217.17

Total Lease Value

$6,642,171.67

Net Landlord Cash Flow$664,217.17