Gap Inc. Leases 80900 SF At 111 W 33rd St From Empire State Realty Trust In New York
111 W 33rd St, New York, NY, 10001
$65
$65/SF
Building Size
80,900 SF
Asset Type
Office
Closing
May 25, 2017
About this deal
AI
111 W 33rd St is located in New York, NY, 10001, and features an area of 80,900 square feet. The rent per square foot is $65. The property is involved in a lease transaction within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $5,800,000
- Address: 111 W 33rd St, New York, NY, 10001
- Market: New York
- Tenant: Gap Inc.
- Landlord: Empire State Realty Trust
- Tenant's Representatives: Eric Deutsch-CBRE, Jared Freede-CBRE
Eric Deutsch and Jared Freede from CBRE represented Gap Inc. in this leasing transaction, while Empire State Realty Trust is the landlord of the property.
On the Map
$65
$65/SF
Office
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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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93