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
The property asset involved in this transaction is an office space located at 463 7th Avenue in the Garment District. The lease pertains to a full-floor area totaling 23,785 square feet, with an asking rent of $59 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 463 7th Avenue
- Market: Garment District
- Landlord: Arsenal Company
- Tenant: Michael Litvack - Bagatelle International
- Landlord's Representative: David Levy & Benjamin Levy - Adams & Company
- Tenant's Representative: Dennis Someck & Justin Myers - Lee & Associates
Michael Litvack signed a lease with plans to relocate Bagatelle International's offices and showroom to the new location from 141 West 36th Street, effective October 2026. The transaction features representatives from both the landlord and tenant's side, ensuring a structured negotiation process.
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
268864.41%
Cash-on-Cash
-76842.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93