ICAP Leases Retail Space At 4 Times Sq, New York For $85/SF
LEASED
$85
New York
See Similar DealsRetail82,442 SF
Leased 08/09/2016
LEASED
ICAP Leases Retail Space At 4 Times Sq, New York For $85/SF
4 Times Sq, New York, NY, 10036
See Similar DealsRetail82,442 SF
Leased 08/09/2016
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$85
Total Square Footage:82,442 SF
Transaction Type:Lease
Located at 4 Times Sq, New York, NY, 10036, the leased property is a retail space spanning 82,442 square feet in the bustling market of New York. The tenant, ICAP, secured the space for a rent of $85 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant's Rep: Shannon Rzeznikiewicz(JLL)
- Landlord's Rep: Lucas Durst(Durst Organization)
- Brokers: Shannon Rzeznikiewicz(JLL)
- Tenant: ICAP
- Landlord: Durst Organization
- Rent/SF: $85
- Square Feet: 82,442
Shannon Rzeznikiewicz from JLL acted as the tenant's representative in the lease deal at 4 Times Sq, New York. On the other side, Lucas Durst from the Durst Organization represented the landlord's interests in the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$8,033,393.67
Total Lease Value
$80,333,936.75
Net Landlord Cash Flow$8,033,393.67
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