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330 West 34th Street

Barney Brown Leases Retail Space At 330 West 34th Street From Vornado Realty Trust
LEASEDRetail

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

Brad Schwarz

Lee & Associates

Broker

$18.2M

vol

8 deals

Broker
Jason Morrison

Jason Morrison

Vornado Realty Trust

Landlord

2 deals

Landlord

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