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112 West 34th Street, New Y...

Pandora Signs 10-Year Lease For Retail Space In Herald Square, Manhattan
LEASEDRetail

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

Bob Gibson

JLL

Broker

5 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord
Pandora
PandoraTenant

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