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
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
323734.69%
Cash-on-Cash
-92524.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93