Proper 21 Signs Lease At 450 Park Ave S. In Midtown With Landlord Moinian Group
LEASED
$120
+ 1
New York
See Similar DealsRetail4,250 SF
Leased 07/20/2022
LEASED
Proper 21 Signs Lease At 450 Park Ave S. In Midtown With Landlord Moinian Group
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 space located at 450 Park Ave S in Midtown has been leased. The lease transaction took place on 07/20/2022.
Summary of transaction details:
- Property Type: Retail
- Address: 450 Park Ave S
- Market: Midtown
The landlord of the property is The Moinian Group, and the tenant is Proper 21. The lease was negotiated by Albert Halawani, David Green, Jack Mordekai, and Jack Hanon from Kassin Sabbagh Realty.
The asking rent for the retail space was $120 per square foot, with a total square footage of 4,250.
Players
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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