Diptyque Leases 18,017 Square Feet Office Space At 16 East 34th Street Manhattan
16 East 34th Street
Building Size
18,017 SF
Asset Type
Office
Closing
Sep 10, 2026
About this deal
AI
The property is an office asset located at 16 East 34th Street in Manhattan. It encompasses a total space of 18,017 square feet, and the lease secured is for a period of 10 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Lease Terms: 10 years
- Landlord: Wohio Holding
- Tenant: Diptyque
- Landlord's Representative: Peter Duncan, Alexander Bermingham & James Donaldson - George Comfort & Sons
- Tenant's Representative: Laurence Carroll - Cushman & Wakefield
This lease agreement marks a significant expansion for Diptyque, as the company is more than doubling its office footprint in New York City with this full-floor lease at the specified location.
On the Map
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93