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Medrite Signs NNN Lease For Retail Space At 220 E 42nd St In Midtown East With Landlord SL Green Realty And Tenant's Rep Greg Parassio - Booth Street

220 East 42nd Street
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This Retail property located in NY was leased over 1 year ago. The asking rent per square foot was $84. The brokers of the deal were Ariel Schuster and Greg Parassio

The recently leased property in Midtown East at 220 E 42nd St has garnered attention in the real estate market. The asset type is a retail space, which spans approximately 4,722 square feet. The lease, signed on September 5, 2022, follows the NNN Lease model and features an asking rent of $84 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: September 5, 2022
  • Address: 220 E 42nd St
  • Market: Midtown East
  • Asking Rent: $84/ft.
  • Square Footage: 4,722

SL Green Realty is the landlord in this deal, while Medrite is the tenant. Representing the landlord is Ariel Schuster from Newmark, and the tenant is represented by Greg Parassio from Booth Street. These individuals and companies played pivotal roles in finalizing the lease agreement.

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Deals
  • Location
    220 E 42nd St New York, NY 10017, USA220 E 42nd St New York, NY 10017, USA
  • Leased Value
    $84$84
  • Asking Rent
    $84 PSF$84 PSF
  • Area
    4,722 SF4,722 SF
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Greg Parassio

Greg Parassio

Deals19
Leased19

Ariel Schuster

Ariel Schuster

Deals15
Sold$377M

Agencies

Newmark

Newmark

Agency
Deals3891
Volume$397.4B

Booth Street

Booth Street

Agency
Deals63
Volume$12.2M

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Deal Summary

LEASE IMAGE: Greg Parassio & Ariel Schuster DATE: 09/05/2022 ADDRESS: 220 E 42nd St MARKET: Midtown East ASSET TYPE: Retail LANDLORD: SL Green Realty (@SLGreen_Realty) TENANT: Medrite (@Medrite_) LANDLORD'S REP: Ariel Schuster - Newmark (@Newmark) TENANT'S REP: Greg Parassio - Booth Street (@Booth_Street) ASKING RENT: $84/ft. ~ SF: 4,722 LEASE TYPE: NNN Lease

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220 East 42nd Street

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