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33 East 33rd Street

Perfect Wellness Group Leases 13000 SF Office At 33 East 33rd Street New York From Kalimian Equities
LEASEDOffice

Perfect Wellness Group Leases 13000 SF Office At 33 East 33rd Street New York From Kalimian Equities

33 East 33rd Street

$52

$52/SF

Building Size

13,000 SF

Asset Type

Office

Closing

Mar 24, 2025

AI

The property asset involved in this transaction is an office space located at 33 East 33rd Street in New York, featuring a lease agreement dated 03/24/2025. The asset encompasses a total area of 13,000 square feet with a rental rate of $52 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: 676,000
  • Address: 33 East 33rd Street
  • Market: New York
  • Tenant: Perfect Wellness Group
  • Landlord: Kalimian Equities
  • Tenant's Representatives: Eric Siegel (LSL Advisors), Raphael (Ralph) Zar (LSL Advisors)
  • Landlord's Representatives: Erik Harris (Newmark), Zachary Weil (CBRE), Scott Klau (Newmark)

The transaction showcases the collaboration between multiple representatives, indicating a structured approach to securing the lease. The deal involves LSL Advisors representing the tenant and a combination of Newmark and CBRE representing the landlord, highlighting the involvement of experienced brokers in the negotiation process.

Players

Eric Siegel

LSL Advisors

Broker

$96M

vol

56 deals

Broker
KE
Kalimian EquitiesLandlord

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

305057.69%

Cash-on-Cash

-87186.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93