Grand Seiko Leases 6259 Square Feet At 540 Madison Ave New York From DivcoWest
LEASED
New York
See Similar DealsRetail6,259 SF
LEASED
Grand Seiko Leases 6259 Square Feet At 540 Madison Ave New York From DivcoWest
540 Madison Ave, New York, NY, 10022
See Similar DealsRetail6,259 SF
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:6,259 SF
Transaction Type:Lease
The property located at 540 Madison Ave, New York, NY, 10022 encompasses a total of 6,259 square feet. The transaction involves the landlord DivcoWest leasing the space to the tenant Grand Seiko, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 540 Madison Ave, New York, NY, 10022
- Market: New York
- Square Feet: 6259
- Tenant: Grand Seiko
- Landlord: DivcoWest
- Tenant's Representatives: Alexandra Tennenbaum, Benjamin Birnbaum (Newmark)
- Landlord's Representative: Ariel Schuster (Newmark)
This transaction features significant involvement from Newmark, represented by Alexandra Tennenbaum and Benjamin Birnbaum for the tenant side, alongside Ariel Schuster representing the landlord, DivcoWest. Each party played a crucial role in facilitating this lease agreement.
Players
LENDER
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$358,762.10
Total Lease Value
$3,587,621.03
Net Landlord Cash Flow$358,762.10
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