The Moinian Group Leases Retail Space To Proper 21 At 450 Park Ave S. In Midtown
LEASED
$120
+ 1
New York
See Similar DealsRetail4,250 SF
Leased 07/20/2022
LEASED
The Moinian Group Leases Retail Space To Proper 21 At 450 Park Ave S. In Midtown
450 Park Avenue South
See Similar DealsRetail4,250 SF
Leased 07/20/2022
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:4,250 SF
Transaction Type:Lease
The retail property located at 450 Park Ave S. in Midtown has been leased. The landlord, The Moinian Group, successfully secured a tenant, Proper 21, for the space. The leasing transaction was facilitated by Albert Halawani, David Green, Jack Mordekai, and Jack Hanon of Kassin Sabbagh Realty. The asking rent for the 4,250 square-foot space was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 450 Park Ave S.
- Market: Midtown
The lease deal for the retail property at 450 Park Ave S. was successfully executed thanks to the efforts of Albert Halawani, David Green, Jack Mordekai, and Jack Hanon from Kassin Sabbagh Realty. The Moinian Group acted as the landlord while Proper 21 became the tenant for the space.
Players
BROKERAGE
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$584,657.84
Total Lease Value
$5,846,578.45
Net Landlord Cash Flow$584,657.84
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