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Naik Consulting Group Leases Office Space At 112 West 34th Street In Penn Plaza For $48/SF

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LEASED

New York

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Office157,510 SF
Leased 03/02/2020
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LEASED

Naik Consulting Group Leases Office Space At 112 West 34th Street In Penn Plaza For $48/SF

112 W 34th St, New York, NY 10120, USA

See Similar Deals
Office157,510 SF
Leased 03/02/2020
Contact now

Summary

NEW YORK
Asset Type:Office
Total Square Footage:157,510 SF
Transaction Type:Lease

Naik Consulting Group has signed a lease for office space at 112 West 34th Street in the Penn Plaza market. The property comprises 15,751 square feet and was leased from landlords Xerox and Empire State Realty Trust. The lease was facilitated by brokers Wayne Siegel, Eric Siegel, and Daniel Lolai of an undisclosed agency. The asking rent for the space was $48 per square foot.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: N/A - Lease agreement
  • Address: 112 West 34th Street
  • Market: Penn Plaza
  • Tenant: Naik Consulting Group
  • Landlord: Xerox & Empire State Realty Trust
  • BROKERS: Wayne Siegel, Eric Siegel & Daniel Lolai
  • Asking Rent: $48
  • Square Footage: 15,751

Naik Consulting Group's lease agreement for office space at 112 West 34th Street was brokered by Wayne Siegel, Eric Siegel, and Daniel Lolai. This deal represents a successful collaboration between the tenant and landlords Xerox and Empire State Realty Trust. The office space, totaling 15,751 square feet, was secured at an asking rent of $48 per square foot.

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

Empire State Realty Trust
LANDLORD


Details

LEASED
IMAGE: Wayne Siegel, Daniel Lolai & Eric Siegel DATE: 03/02/2020 ADDRESS: 112 West 34th Street MARKET: Penn Plaza ASSET TYPE: Office TENANT: Naik Consulting Group LANDLORD: Xerox & Empire State Realty Trust BROKERS: Wayne Siegel, Eric Siegel & Daniel Lolai ASKING RENT: $48 SF: 15,751

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Deal Type
Effective Rent (Annual)

$9,028,378.15

Total Lease Value

$90,283,781.52

Net Landlord Cash Flow$9,028,378.15