LEASEDOffice
Bagatelle International Leases 23,785 Square Feet At 463 Seventh Avenue In Garment District
463 7th Avenue
$59
$59/SF
Building Size
23,785 SF
Asset Type
Office
Closing
Sep 10, 2026
About this deal
AI
An office property located at 463 7th Avenue in the Garment District has a total size of 23,785 square feet and is leased at an asking rent of $59 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 463 7th Avenue
- Market: Garment District
- Landlord: Arsenal Company
- Tenant: Jamie Litvack - Bagatelle International
- Landlord's Representative: David Levy & Benjamin Levy - Adams & Company
- Tenant's Representative: Dennis Someck & Justin Myers - Lee & Associates
- Lease Size: 23,785 square feet
- Lease Start Date: October 2026
The lease was facilitated by representatives from Adams & Company and Lee & Associates, who assisted Arsenal Company and Bagatelle International, respectively. The tenant is planning to shift its operations from 141 West 36th Street to the new location.
On the Map
$59
$59/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
268864.41%
Cash-on-Cash
-76842.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93