CHD Dream Home Leases Office Space At 111 W 33rd St In Herald Square, NYC
111 W 33rd St, New York, NY 10120, USA
Building Size
42,000 SF
Asset Type
Office
Closing
Nov 20, 2018
About this deal
AI
The office property located at 111 W 33rd St, New York, NY 10120, USA, in the Herald Square market, has been leased to CHD Dream Home. The landlord of the property is Macy's. The lease transaction was facilitated by Tenant Brokers Andrew Zang and Robert Kunikoff, representing CHD Dream Home, and Sublandlord Broker Scott Gottlieb. The lease was signed on 10/04/2022 at a rate of $52.00 per square foot. The total square footage of the leased space is 42,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Tenant: CHD Dream Home
- Landlord: Macy's
- Broker: Tenant: Andrew Zang and Robert Kunikoff / Sublandlord Broker: Scott Gottlieb
- Rent/SF: $52.00/sf
- Square Feet: 42,000
- Date: 10/04/2022
- Address: 111 W 33rd St, New York, NY 10120, USA
- Market: Herald Square
Andrew Zang, Robert Kunikoff, and Scott Gottlieb played key roles in the lease deal, representing the tenant and sublandlord. Their expertise and negotiation skills contributed to the successful completion of the transaction.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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