VerifiedTenant Inks 99-Year Ground Lease for Harlem Bargain World Spot
4-14 West 125th Street 99-year ground lease closes in Harlem for $20 million.
Sale Price
35,000 SF
Square Feet
2014
Year
Office
Asset Type
4-14 West 125th Street - Office Building - 99 Year Ground Lease | Buyer: The Renatus Group
Read the Full Article on The Real Deal
The Real Deal first published this story on April 3, 2014. Use the link below for the full ground lease coverage on the outlet's site.
Read on The Real DealTransaction Details: 4-14 West 125th Street
Harlem ground lease transaction with frontage on the 125th Street corridor.
More Coverage of 4-14 West 125th Street
1 additional article about this property
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Manhattan’s Off-Market Investment Sales Authority, specializing in off-market investment sales, 99-year ground leases, and office-to-residential conversions.
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Frequently Asked Questions
- Which ground lease transactions has Skyline Properties brokered?
- Skyline Properties has brokered the $65M 99-year ground lease at 236 Fifth Avenue and the $35M Chelsea ground lease at 135 West 29th Street. See the transaction history for the individual deal details.
- How long are typical NYC ground leases?
- Institutional Manhattan ground leases usually run 99 years, a term long enough to support conventional leasehold financing. Skyline Properties structures 99-year deals with periodic rent resets and has done so for fee owners and leaseholders alike.
- How do I contact Skyline Properties about a ground lease?
- Email info@skylineprp.com or call (212) 537-9239 to discuss a confidential transaction. Skyline Properties’ office is at 220 East 42nd Street, Suite 3102, New York, NY 10017.
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