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Best Brands Sales Company, LLC Expands Lease At 34 West 33rd Street In New York City

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LEASED
$49

New York

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Office5,636 SF
Leased 04/12/2023
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LEASED

Best Brands Sales Company, LLC Expands Lease At 34 West 33rd Street In New York City

34 West 33rd Street & 34 West 33rd Street

See Similar Deals
Office5,636 SF
Leased 04/12/2023
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$49
Total Square Footage:5,636 SF
Transaction Type:Lease

Best Brands Sales Company, LLC, a major brands' textile manufacturer, has secured a prime real estate lease in the heart of New York City. The company has expanded its existing lease at 34 West 33rd Street by adding the sixth floor to the fifth floor it already occupies. The 15-year lease deal covers a total of 6,351 square feet of space. With licenses including Disney and Cuisinart, Best Brands Sales Company is making moves in a highly coveted location.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 34 West 33rd Street
  • Market: New York

David Levy and Brett Maslin of Adams & Company represented the landlord, Arcade Building LLC, in this lease transaction. They played a crucial role in securing the lease for Best Brands Sales Company. On the tenant's side, Intrepid Real Estate Group, LLC, represented the textile manufacturer throughout the negotiation process. The deal signifies the tenant's commitment to expanding its operations and solidifying its presence in New York City.

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Details

LEASED
IMAGE: David Levy & Brett Maslin DATE: 04/12/2023 ADDRESS: 34 West 33rd Street MARKET: New York ASSET TYPE: Office LANDLORD: Arcade Building LLC TENANT: Best Brands Sales Company, LLC LANDLORD'S REP: David Levy (@DavidLevyLA) & Brett Maslin (@BMaslin) - Adams & Company (@AdamsreNYC) TENANT'S REP: Intrepid Real Estate Group, LLC ASKING RENT: $49/ft. ~ SF: 5,631 LEASE TERMS: 15-years NOTE: "Major brands' textile manufacturer, Best Brands Sales Company, LLC, secures prime real estate with an expanded lease! Adding the sixth floor to its existing fifth-floor lease at 34 West 33rd Street, the 15-year deal totals 6,351 square feet of space. With licenses including Disney and Cuisinart, Best Brands Sales Company is making moves in the heart of New York City."

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Deal Type
Effective Rent (Annual)

$316,591.08

Total Lease Value

$3,165,910.77

Net Landlord Cash Flow$316,591.08