Peter Ripka Of Ripco Represents Retail Tenant In Lease At 537 5th Ave, New York
LEASED
$202
New York
See Similar DealsRetail40,839 SF
Leased 12/18/2019
LEASED
Peter Ripka Of Ripco Represents Retail Tenant In Lease At 537 5th Ave, New York
537 5th Ave, New York, NY, 10017
See Similar DealsRetail40,839 SF
Leased 12/18/2019
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$202
Total Square Footage:40,839 SF
Transaction Type:Lease
The property at 537 5th Ave, New York, NY, 10017, located in the New York market, is a retail asset spanning 40,839 square feet. The lease for this property was finalized on December 18, 2019, with a rental rate of $202 per square foot. The landlord for this transaction was Moinian Group, and the tenant's representative was Peter Ripka from Ripco.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 537 5th Ave, New York, NY, 10017
- Market: New York
- Square Feet: 40,839
- Landlord: Moinian Group
- Tenant's Rep: Peter Ripka (Ripco)
- Rent/SF: $202
In this commercial lease deal, Peter Ripka from Ripco negotiated on behalf of the tenant, while the landlord, Moinian Group, represented the property. The transaction highlights the collaboration between key individuals and companies in the retail real estate market in New York.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$9,457,102.02
Total Lease Value
$94,571,020.17
Net Landlord Cash Flow$9,457,102.02
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