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4 W 33rd St, New York, NY, ...

SA&E International Bags And Accessories Leases Retail Space In New York
LEASEDRetail

SA&E International Bags And Accessories Leases Retail Space In New York

4 W 33rd St, New York, NY, 10001

Building Size

8,791 SF

Asset Type

Retail

Closing

Feb 14, 2020

AI

The property at 4 W 33rd St, New York, NY, 10001 is a retail asset with a total of 8,791 square feet. SA&E International Bags and Accessories, a fashion wholesale firm, has signed a lease for this space. The tenant will expand its presence at the building on the 12th floor for executive offices and showroom space. The landlord, Ten West Thirty Third Associates, was represented by David Levy, while Michael Beyda of Benchmark Properties represented the tenant. The asking rent was $65 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Provided
  • Tenant's Representative: Michael Beyda (Benchmark Properties)
  • Tenant: SA&E International Bags and Accessories
  • Landlord: Ten West Thirty Third Associates
  • Square Feet: 8,791
  • Market: New York

Among the other leases announced by Adams & Co., Townley, Inc., a children’s cosmetics and hair accessories maker, renewed its 5,603 square feet lease at 10 West 33rd Street. Hard Tail, a lifestyle and active-wear brand, renewed its 5,382 square feet lease at 231 West 39th Street, while US Legwork, a women and children’s fashion accessories firm, renewed its 1,001 square feet lease at 10 West 33rd Street. Hosiery Network, Inc., an apparel and hosiery firm, also renewed its 3,016 square feet lease at 10 West 33rd Street.

Players

Michael Beyda

Benchmark Properties

Broker

$40M

vol

7 deals

Broker
TA
Ten West Thirty Third AssociatesLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93