Davean Holdings And Sean Lefkovits Acquire Office Space At 37 West 57th Street In Carnegie Hall
LEASED
+ 1
New York
See Similar DealsOffice2,795 SF
Leased 01/04/2021
LEASED
Davean Holdings And Sean Lefkovits Acquire Office Space At 37 West 57th Street In Carnegie Hall
37 West 57th Street, New York, NY, USA
See Similar DealsOffice2,795 SF
Leased 01/04/2021
+ 1
Summary
NEW YORK
Asset Type:Office
Total Square Footage:2,795 SF
Transaction Type:Lease
Located at 37 West 57th Street in the Carnegie Hall market, this office property was recently leased. The transaction took place on January 4, 2021, and involved a lease agreement between the tenant, Davean Holdings (represented by Sean Lefkovits and David T. Lloyd), and the landlord, Prospect Resources. The office space spans 2,795 square feet.
Summary of transaction details
- Property Type: Office
- Address: 37 West 57th Street
- Market: Carnegie Hall
- Tenant: Davean Holdings (represented by Sean Lefkovits and David T. Lloyd)
- Landlord: Prospect Resources
- Asking Rent: $69/ft.
- Size: 2,795 square feet
Assisting in the lease deal were brokers Chris Okada from Okada & Company, Stephen Gordon from Newmark Knight Frank, and Sean Lefkovits. It is worth noting that Chris Okada and Sean Lefkovits have a history together, as they previously worked on multiple real estate transactions in New York City. In a note provided by Chris Okada, he mentions their successful collaboration and highlights the potential for future profitability.
“I met Sean in 2013 when he was a broker selling Multi-Family properties throughout NYC. I had just sold a building for a long time client and now had a 1031 exchange. Sean represented Benchmark (s/o to Benchmark) and they sold us a 5.0% Cap. My client hired me 12 months later and I sold it for a 4% Cap. Then I sold it AGAIN 12 months after that at a 3.5% Cap!! This one building I sold 3 times in like 3-4 years! WINNING… Here we are years later and I’m pretty sure back then if you asked Sean, he would not have guessed I’d be finding him an office for his acquisition/ development company along with David. Long story short; who knows where you’ll be in 7-8 years? For Davean Holdings & Okada Acquisitions.. Maybe our properties can be sold for a 3.5% cap then because if so…I AM HARVESTING!!! HAPPY NEW YEAR EVERYONE!! ALWAYS BE CLOSING!! EVERY DEAL COUNTS!! BETTING ON NYC!! AND HMU IF YOU NEED OFFICE SPACE!!” This anecdote from Chris Okada showcases the synergy and growth potential between the involved parties. It also emphasizes the dynamic nature of the real estate market and the importance of building strong relationships.Players
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$160,207.71
Total Lease Value
$1,602,077.13
Net Landlord Cash Flow$160,207.71
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