facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

111 West 33rd Street

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

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

111 West 33rd Street

$49

$49/SF

Building Size

30,486 SF

Asset Type

Office

Closing

Feb 12, 2024

AI

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

LSL Advisors

Broker

$211.9M

vol

92 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

323734.69%

Cash-on-Cash

-92524.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93