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111 West 33rd Street

Alfonso Gonzalez Loeschen Of Nespresso Renews Office Lease At 111 West 33rd Street For Seven Years
LEASEDOffice

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:

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

Kyle Riker

JLL

Broker

11 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

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