LEASEDOffice
Bagatelle International Leases 23,785 Square Feet At 463 Seventh Avenue In Garment District
463 7th Avenue
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
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