Republic Investment Company Acquires Hotel Ground Lease In Grand Central For $209/ft
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This Hotel property located in NY was leased almost 2 years ago.
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- Location118 East 40th Street, New York City, New York 10016, United States
- Area74,640 SF
- Asset TypeHotel
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Deal Summary
GROUND LEASE
IMAGE: Jeff Kaplan
DATE: 05/06/2022
ADDRESS: 118 East 40th Street
MARKET: Grand Central
ASSET TYPE: Hotel
BUYER: Republic Investment Company (@JoinRepublic)
SELLER: Meadow Partners
ASKING RENT: $209/ft. ~ SF: 74,640
LEASE TERMS: 99-year
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