Squarena Inc Leases 2,500 SF Office Space At 552 7th Avenue In Midtown South With Landlord Albert Malekan
LEASED
$40
New York
See Similar DealsRetail5,700 SF
Leased 10/22/2023
LEASED
Squarena Inc Leases 2,500 SF Office Space At 552 7th Avenue In Midtown South With Landlord Albert Malekan
552 7th Avenue
See Similar DealsRetail5,700 SF
Leased 10/22/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$40
Total Square Footage:5,700 SF
Transaction Type:Lease
The office space located at 552 7th Avenue in Midtown South has been leased out in a double net lease transaction. The property, spanning 2,500 square feet, was leased by Squarena Inc from Albert Malekan. The lease was facilitated by Michael Gammal from Swift Retail Advisors. The asking rent for the space was $40 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 552 7th Avenue
- Market: Midtown South
Michael Gammal, representing Swift Retail Advisors, played a pivotal role as the broker in this deal, assisting both Albert Malekan, the landlord, and Squarena Inc, the tenant, in finalizing the lease agreement for the office space at 552 7th Avenue.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$261,376.45
Total Lease Value
$2,613,764.48
Net Landlord Cash Flow$261,376.45
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