facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

34 West 33rd Street

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

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

34 West 33rd Street & 34 West 33rd Street

$49

$49/SF

Building Size

5,636 SF

Asset Type

Office

Closing

Apr 12, 2023

AI

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.

Players

Brett Maslin

Broker

7 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

323734.69%

Cash-on-Cash

-92524.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93