Verizon Signs 49-Year Ground Lease At 620 12th Avenue In Hell's Kitchen

620 12th Avenue

Office

144,000 SF

Leased 1 year ago

Summary

Lease

NEW YORK

Office

144,000 sqft

The ground lease for the office property at 620 12th Avenue in Hell’s Kitchen has been finalized. The property is owned by Edison Properties and the tenant is Verizon. The lease terms have been set for 49 years.

Summary of transaction details:

Property Type: Office
Transaction Amount: N/A
Address: 620 12th Avenue
Market: Hell’s Kitchen

Jon Dario captured an image of the property for reference. The image can be found here. The property spans approximately 102,800 square feet, and the asking rent is $486 per square foot.

Note: No additional details are available at the moment.

Details

Deal Summary

LEASED

IMAGE: LEASE IMAGE: Jon Dario DATE: 06/28/2022 ADDRESS: 620 12th Avenue MARKET: Hell’s Kitchen ASSET TYPE: Office LANDLORD: Edison Properties TENANT: Verizon ASKING RENT: $486/ft. ~ SF: 102,800 LEASE TERMS: 49-year

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Address620 12th Avenue

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