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
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.
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