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111 W 33rd St, New York, NY...

Updated Oct 29, 2024

CHD Dream Home Leases Office Space At 111 W 33rd St In Herald Square, NYC
LEASEDOffice

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

Macy's
Macy'sLandlord

New York 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

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