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Teachers Pay Teachers Leases School Space At 225 Park Ave S, New York

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LEASED
$80

New York

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School27,000 SF
Leased 03/10/2017
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LEASED

Teachers Pay Teachers Leases School Space At 225 Park Ave S, New York

225 Park Ave S, New York, NY, 10003

See Similar Deals
School27,000 SF
Leased 03/10/2017
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Summary

NEW YORK
Asset Type:School
Price Per Square Foot:$80
Total Square Footage:27,000 SF
Transaction Type:Lease

The school located at 225 Park Ave S, New York, NY, 10003, with a square footage of 27,000 and a rent of $80 per square foot, was involved in a lease transaction on 03/10/2017 in New York. The tenant, Teachers Pay Teachers, was represented by Michael (Mike) Mathias from Cushman & Wakefield, while the landlord, BuzzFeed, was represented by Steven Marvin from Olmstead Properties.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: Not Available
  • Address: 225 Park Ave S, New York, NY, 10003
  • Market: New York
  • Tenant's Rep: Michael (Mike) Mathias (Cushman & Wakefield)
  • Landlord's Rep: Steven Marvin (Olmstead Properties)
  • Tenant: Teachers Pay Teachers
  • Landlord: BuzzFeed
  • Rent/SF: $80
  • Square Feet: 27,000

The lease deal at 225 Park Ave S involved key individuals and companies. Michael (Mike) Mathias represented Teachers Pay Teachers, negotiating on behalf of the tenant. On the landlord's side, Steven Marvin was the representative for BuzzFeed. This transaction highlights the collaboration between Cushman & Wakefield, Olmstead Properties, Teachers Pay Teachers, and BuzzFeed in the bustling New York real estate market.

Players

Steven Marvin
9 deals
BROKER

Michael (Mike) Mathias
Cushman & Wakefield
11 deals(212) 709-0703
BROKER

LANDLORD

Details

LEASED
IMAGE: 03/10/2017 ADDRESS: 225 Park Ave S, New York, NY, 10003 MARKET: New York ASSET TYPE: School TENANT'S REP: Michael (Mike) Mathias(Cushman & Wakefield) LANDLORD'S REP: Steven Marvin(Olmstead Properties) TENANT: Teachers Pay Teachers LANDLORD: BuzzFeed RENT/SF: 80 SQUARE FEET: 27000

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Deal Type
Effective Rent (Annual)

$2,476,197.93

Total Lease Value

$24,761,979.31

Net Landlord Cash Flow$2,476,197.93