Alfonso Gonzalez Loeschen Of Nespresso Renews Office Lease At 111 West 33rd Street For Seven Years
111 West 33rd Street
Building Size
41,835 SF
Asset Type
Office
Closing
Feb 18, 2026
AI
The asset involved in this transaction is an office space located at 111 West 33rd Street in Manhattan. The total square footage of the property is 41,835. This office space is currently occupied by Nespresso, which has renewed its lease for a term of seven years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 111 West 33rd Street
- Market: Manhattan
- Landlord: Anthony E. Malkin - Empire State Realty Trust
- Tenant: Alfonso Gonzalez Loeschen - Nespresso
- Landlord's Representatives: Shanae Ursini & Kerry Lavelle - Empire State Realty Trust; Scott Klau & Erik Harris - Newmark
- Tenant's Representatives: Justin Haber, Kyle Riker & Emma Gill - JLL
The lease renewal keeps Nespresso in the Midtown office space it has occupied since 2018, reflecting the company’s ongoing commitment to this location. The deal also highlights the representation of powerful brokerage teams from both the landlord and tenant sides, showcasing the collaboration of prominent real estate professionals in New York.
Players
Brooklyn 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93