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AS Beauty Signs Modified Gross Lease For Office Space At 111 West 33rd Street, Upper East Side

Property Image
LEASED
$49
Eric Siegel
Daniel Lolai
+ 3

New York

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Office30,486 SF
Leased 02/12/2024
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Property Image
LEASED

AS Beauty Signs Modified Gross Lease For Office Space At 111 West 33rd Street, Upper East Side

111 West 33rd Street

See Similar Deals
Office30,486 SF
Leased 02/12/2024
Eric Siegel
Daniel Lolai
+ 3
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$49
Total Square Footage:30,486 SF
Transaction Type:Lease

The office space located at 111 West 33rd Street in the Upper East Side has been leased. The property, with a size of 30,486 square feet, was leased by AS Beauty. The lease was a Modified Gross Lease and the asking rent was $49 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified

The landlord of the property is Empire State Realty Trust (ESRT), while the sublandlord is Diligent. The landlord's representatives in the deal were Michael Baraldi and Owen Koorbusch from Cushman & Wakefield. Representing AS Beauty were Wayne Siegel, Daniel Lolai, Eric Siegel, and Raymond Balassiano from LSL Advisors.

Players

Daniel Lolai
91 deals$211.9M volume
BROKER

Eric Siegel
LSL Advisors
56 deals$96M volume(732) 615-8506
BROKER

Wayne Siegel
LSL Advisors
30 deals$73.4M volume
BROKER

Raymond (Ray Balas) Balassiano
LSL Advisors
21 deals
BROKER

Michael Baraldi
Cushman & Wakefield
4 deals
BROKER

Details

LEASED
IMAGE: Daniel Lolai, Ray Balassiano, Michael Baraldi, Wayne Siegel, Eric Siegel & Owen Koorbusch DATE: 02/12/2024 ADDRESS: 111 West 33rd Street MARKET: Upper East Side ASSET TYPE: Office LANDLORD: Empire State Realty Trust (ESRT) SUBLANDLORD: Diligent TENANT: AS Beauty LANDLORD'S REP: Michael Baraldi & Owen Koorbusch (@OKoorbusch05) - Cushman & Wakefield (@Cushwake) TENANT'S REP: Wayne Siegel, Daniel Lolai (@DanLolai), Eric Siegel (@EricSiegelll) & Raymond Balassiano (@NYCCommercialRealEstate) - LSL Advisors (@LSLAdvisors) ASKING RENT: $49/ft ~ SF: 30,486 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$1,712,490.34

Total Lease Value

$17,124,903.41

Net Landlord Cash Flow$1,712,490.34