Barney Brown Leases Retail Space At 330 West 34th Street From Vornado Realty Trust
330 West 34th Street
$135
$135/SF
Building Size
1,281 SF
Asset Type
Retail
Closing
Jan 15, 2025
About this deal
AI
The asset involved in this transaction is a retail space located at 330 West 34th Street in New York, with a total square footage of 1,281.0. The rent per square foot for this lease is set at $135.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 330 West 34th Street
- Market: New York
- Square Feet: 1,281.0
- Rent/SF: $135
- Tenant: Barney Brown
- Landlord: Vornado Realty Trust
- Tenant's Representatives: Brad Schwarz (Lee & Associates), David Scher (Lee & Associates), Jordan Cohen (Lee & Associates)
- Landlord's Representative: Jason Morrison
- Brokers: Jordan Cohen (Lee & Associates), Jason Morrison (Vornado Realty Trust)
This transaction involves key representatives from reputable firms, with the tenant represented by three representatives from Lee & Associates. The landlord, Vornado Realty Trust, is also represented in this deal by Jason Morrison, highlighting the collaboration between multiple brokerage entities to facilitate this lease agreement.
On the Map
$135
$135/SF
Retail
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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
117503.70%
Cash-on-Cash
-33582.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93