L&L MAG Completes Biggest Manhattan Ground Lease With Edison Property Group
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This Development Site property located in NY was leased over 5 years ago. The broker of the deal was Aaron Weaver
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- Location241 West 28th Street, New York, NY 10001, USA
- Area9,885 SF
- Asset TypeDevelopment Site
- Parties1 Broker
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Deal Summary
GROUND LEASE
IMAGE: Mary Ann Gilmartin, Robert Lapidus, David Levinson and Aaron Weaver
DATE: 12/10/2018
ADDRESS: 241 West 28th Street
MARKET: Chelsea
ASSET TYPE: Development Site
LESSEE: L&L MAG
LESSOR: Edison Property Group
BROKER: Aaron Weaver @AWeaveee
TERMS: 99 years - $7M per year (approx.)
PPBSF: $18.80
BSF: 372,000
NOTES: Former @NFL @Chiefs and @SyracuseU @CuseFootball player Aaron Weaver completed the biggest Manhattan Ground Lease this year. This is L&L Mags first deal. 🏈 🏈 🏈
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241 West 28th Street
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