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Nassimi LLC Leases Office Space In Times Square South, New York City

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LEASED

New York

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Office12,005 SF
Leased 09/03/2021
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Property Image
LEASED

Nassimi LLC Leases Office Space In Times Square South, New York City

550 7th Avenue, Lower Manhattan, New York, NY, USA

See Similar Deals
Office12,005 SF
Leased 09/03/2021
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Summary

NEW YORK
Asset Type:Office
Total Square Footage:12,005 SF
Transaction Type:Lease

The office property located at 550 Seventh Avenue in Times Square South has been leased. The transaction took place on 09/03/2021.

Summary of transation details

  • Property Type: Office
  • Asking Rent: $55/ft.
  • Square Footage: 12,005
  • Address: 550 Seventh Avenue
  • Market: Times Square South

The landlord for this lease is Adler Group. On the tenant side, Nassimi LLC, represented by Kevin Nassimi and Daniel Nassimi, secured the lease. The brokers responsible for facilitating the deal were Daniel Lolai and Michael Heaner from LSL Advisors.

Please note that no further details are available regarding this lease.

Players

Daniel Lolai
91 deals$211.9M volume
BROKER

Michael Heaner
Kaufman Organization
8 deals
BROKER

LANDLORD

Details

LEASED
IMAGE: Kevin Nassimi, Daniel Nassimi, Michael Heaner & Daniel Lolai DATE: 09/03/2021 ADDRESS: 550 Seventh Avenue MARKET: Times Square South ASSET TYPE: Office LANDLORD: Adler Group TENANT: Nassimi LLC - Kevin Nassimi & Daniel Nassimi BROKERS: Daniel Lolai & Michael Heaner @LSLAdvisors ASKING RENT: $55/ft. ~ SF: 12,005

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Deal Type
Effective Rent (Annual)

$688,119.36

Total Lease Value

$6,881,193.56

Net Landlord Cash Flow$688,119.36