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34 West 33rd Street, New Yo...

Arcade Building Associates Leases 23389 Square Feet At 34 West 33rd Street New York
LEASEDOffice

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

David Carrion-Levy

Compass

Broker

$2.2M

vol

5 deals

Broker

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