Arcade Building Associates Leases 23389 Square Feet At 34 West 33rd Street New York
34 West 33rd Street, New York, NY, 10...
Building Size
23,389 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 34 West 33rd Street, New York, NY. It features a total square footage of 23,389. The transaction pertains to a lease in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 34 West 33rd Street, New York, NY
- Market: New York
- Landlord: Arcade Building Associates
- Landlord's Representative: David Carrion-Levy - Compass
- Square Feet: 23,389
This lease transaction involves key individuals such as David Carrion-Levy representing the landlord, Arcade Building Associates, ensuring smooth facilitation throughout the deal process.
Players
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