Braze, Inc. Sub-Subleases Entire 17th & 18th Floors At 330 W 34th St In Hudson Yards
330 West 34th Street, New York, NY, USA
Building Size
56,000 SF
Asset Type
Hotel
Closing
Feb 14, 2019
About this deal
AI
The property located at 330 W 34th St in Hudson Yards has recently been involved in a lease transaction. The lease was a sub-sublease, with the sub-tenant being Braze, Inc. The asking rent for the space was $76 per square foot, with a total square footage of 56,000. The lease was for the entire 17th and 18th floors of the building.
Summary of transaction details
- Property Type: Lease
- Transaction Amount: Sub-Sublease
- Address: 330 W 34th St
- Market: Hudson Yards
The key individuals involved in this lease transaction were Daniel Lolai from LSL Advisors, and Sacha Zarba, Jeff Fischer, and Joseph D'Apice from CBRE, who served as brokers. The property is owned by Vornado Realty Trust.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93