La Radiant Leases HQ & Showroom At 11 West 32nd St With Resolution Real Estate Partners
11 West 32nd Street
$36
$36/SF
Building Size
5,000 SF
Asset Type
Office
Closing
May 24, 2024
AI
The office space at 11 West 32nd Street in Midtown Manhattan, spanning 5,000 square feet on the seventh floor, was leased by La Radiant for their new headquarters and showroom. The lease, facilitated by Brett Weiss and Jonata Dayan of Resolution Real Estate Partners, was set at an asking rent of $36 per square foot for a 10-year term.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 11 West 32nd Street
- Market: Midtown Manhattan
- Tenant: La Radiant
- Brokers: Brett Weiss & Jonata Dayan - Resolution Real Estate Partners
- Asking Rent: $36/ft
- Size: 5,000 square feet
- Lease Term: 10-year lease
Resolution Real Estate Partners, with Jonata Dayan and Brett Weiss leading the negotiations, successfully secured the 10-year lease agreement for La Radiant at 11 West 32nd Street. This transaction saw the jewelry design and production company acquiring the entire 5,000-square-foot seventh floor, positioning it as their new base of operations in Midtown Manhattan.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
440638.89%
Cash-on-Cash
-125935.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93