Faraday Future Leases Retail Space In Plaza District At 5 East 59th Street For $480/ft
LEASED
New York
See Similar DealsRetail5,000 SF
Leased
LEASED
Faraday Future Leases Retail Space In Plaza District At 5 East 59th Street For $480/ft
5 East 59th Street, New York, NY, USA
See Similar DealsRetail5,000 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:5,000 SF
Transaction Type:Lease
The retail property located at 5 East 59th Street in the Plaza District has recently been leased. The transaction took place on April 15, 2021, with Faraday Future becoming the new tenant. The landlord for this property is Capstone Equities. The leasing deal was facilitated by Jennifer Bernstein from Current Real Estate.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: April 15, 2021
- Address: 5 East 59th Street
- Market: Plaza District
Faraday Future, an automotive company, will now occupy this retail space. Capstone Equities, the property's owner, entered into the lease agreement with the tenant. Jennifer Bernstein, representing Current Real Estate, played a crucial role in facilitating this deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$286,596.98
Total Lease Value
$2,865,969.83
Net Landlord Cash Flow$286,596.98
Is there something missing? Send suggestions