Pandora Signs 10-Year Lease For Retail Space In Herald Square, Manhattan
112 West 34th Street, New York City, New York 10120, United States
$600
$600/SF
Building Size
11,800 SF
Asset Type
Retail
Closing
Nov 11, 2022
AI
The retail property located at 112 West 34th Street in Herald Square has recently been leased. The deal was finalized on 11/11/2022.
Summary of transaction details
- Property Type: Retail
- Address: 112 West 34th Street
- Market: Herald Square
- Tenant: Pandora
- Landlord: Empire State Realty Trust
- Brokers: Robert Gibson & David Berke - JLL
- Asking Rent: $600 per square foot
- Lease Terms: 10-year lease
- Space: 1,800 square feet
Represented by Robert Gibson and David Berke from JLL, the lease agreement was signed between Empire State Realty Trust and Pandora. The 10-year lease was secured at an asking rent of $600 per square foot. The retail space spans 1,800 square feet and is located at 112 West 34th Street in Herald Square.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
26438.33%
Cash-on-Cash
-7556.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93