facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

11 West 32nd Street

La Radiant Leases HQ & Showroom At 11 West 32nd St With Resolution Real Estate Partners
LEASEDOffice

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

Brett Weiss

Resolution Real Estate Partners

Broker

4 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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