TABLE OF CONTENTS Property Overview 1 Transportation 2 Aerial and Street Map 3 Subway and Bus Map 4 Retail Map 5 13 West 38 th Street Property Photos Neighborhood - Fashion District 6-19 20 About Besen Retail 21 Contacts 22
PROPERTY OVERVIEW Besen Retail is pleased to announce its latest exclusive - a unique opportunity in the heart of midtown Manhattan and the Fashion District. 13 West 38 th Street is located adjacent to the iconic Lord & Taylor at Fifth Avenue, and on the same block as the newly built Archer Hotel New York. This beautiful five-story vacant elevatored commercial building is ideally situated to be your flagship location or destination restaurant catering to the energy and excitement of the Fashion District and beyond. There are a dozen+ hotels within 2 blocks of the property, including the Refinery Hotel just down the street and the Hotel Hendricks poised for completion in 2019 into a 176-key full service boutique hotel at 25 West 38 th Street. Size - Approximately 7,500 SF with 2,100± SF in the basement Individual or Multiple Floors For Lease Asking Rent Per Month 1 st Floor $16K 2 nd Floor $12K 3 rd Floor $8K 4 th Floor $8K 5 th Floor $8K 13 WEST 38 TH STREET HIGHLIGHTS: Fully renovated top to bottom Fully upgraded elevator servicing all floors and basement Large picture windows on each floor with panoramic views of the Empire State Building Two skylights on the second and fifth floors with additional views of the Empire State Building Spacious roof with incredible views DGAPass Managed Access security system, with card-key access, alarm system and mounted cameras Twelve Mitsubishi HVAC air handlers, with two 12-ton condensers Fully upgraded electric throughout the building with 100 AMPS per floor Two illuminated light boxes plus flagpole for superior branding Renovated basement with new RockSolid Polycuramine flooring and HVAC Real Estate Taxes (16/17) - $108,738 1
TRANSPORTATION Subways & Trains There is an array of transportation opportunities for retailers, tourists, travelers, business people and local employees for the area surrounding 13 West 38th Street. Subway stops on the 4,5,6,7,S,B,D,F,M,A,C,E and 1,2,3 trains are all located within blocks of the property. The closest subway stations are at Grand Central Station, Bryant Park, Times Square, Port Authority, Herald Square, and Penn Station. Grand Central Station at 42 nd Street between Park and Lexington Avenues services the 4,5,6,7 & S trains, Bryant Park at 42 nd Street between 5 th & 6 th Avenues services the B,D,F,M & 7 trains, Times Square at 40 th to 42 nd Streets between Broadway and 7 th Avenue services the N,Q,R,1,2,3,7 & S trains, Port Authority at 42 nd Street and 8 th Avenue services the A,C,E trains, Herald Square at 34 th Street and 6 th Avenue services the B,D,F,M trains, and Penn Station at 33 rd to 34 th Streets between 7 th & 8 th Avenues services the 1,2,3 & A,C,E trains. The 6 trains stops at Park Avenue & East 33 rd Street. Additionally, PATH trains to New Jersey can be accessed at Sixth Avenue and 32 nd Street. Bus Service MTA Manhattan Bus lines run north and south along Fifth Avenue (M1,M2,M3,M4,M5,Q32), Sixth Avenue (M5,M7), and Madison Avenue (M1,M2,M3,M4,Q32), and the cross-town buses run east and west along 34 th Street (M34) and 42 nd Street (M42). The Port Authority Bus Terminal, New York s main bus terminal, is located on 42nd Street and Eighth Avenue offering commuter bus service to suburban New York and New Jersey, as well as national bus service throughout the country. 2
AERIAL & STREET MAP AND TRANSPORTATION Residence Inn Bryant Park BCBG-MAXAZRIA Refinery Hotel Archer Hotel Lord & Taylor 13 West 38 th Street Hotel Hendricks To Be Completed 2019 Langham Hotel aka The Setai 3
SUBWAY & BUS MAP 4
RETAIL MAP 13 West 38 th Street 5
FIRST FLOOR ENTRANCE 1,900± Square Feet 6
FIRST FLOOR STAIRCASE 7
FIRST FLOOR STAIRCASE 8
SECOND FLOOR - STAIRCASE 1,800± Square Feet 9
FIRST FLOOR STAIRCASE 10 7
THIRD FLOOR - STAIRCASE 1,200± Square Feet 11
FIRST FLOOR STAIRCASE 12 7
FOURTH FLOOR - KITCHEN 1,200± Square Feet 13
FIRST FLOOR STAIRCASE 14 7
FIFTH FLOOR - SKYLIGHT 1,200± Square Feet 15
FIRST FLOOR STAIRCASE 16 7
USABLE BASEMENT 2,100± Square Feet 17
FIRST FLOOR STAIRCASE 18 7
ROOF 19
NEIGHBORHOOD THE FASHION DISTRICT The Fashion District, also known as the Fashion Center, the Garment District, or the Garment Center, is a neighborhood located in the borough of Manhattan in New York City. The dense concentration of fashion-related uses gives the neighborhood its name. The neighborhood, less than 1 square mile (2.6 km2), is generally considered to lie between Fifth Avenue and Ninth Avenue, from 34th to 42nd Streets. The neighborhood is home to many of New York City's showrooms and to numerous major fashion labels, and caters to all aspects of the fashion process from design and production to wholesale selling. The Fashion District has been known since the early 20th century as the center for fashion manufacturing and fashion design in the United States, and even the world; no other city has a comparable concentration of fashion businesses and talent in a single district. The Fashion District is easily accessible, being within walking distance from Pennsylvania Station, serving the New Jersey Transit, Amtrak, and Long Island Rail Road; and from the Grand Central Terminal, serving the Metro-North Railroad. The New York City Subway, Port Authority Bus Terminal, and PATH are also within walking distance. 20
Passion for retail. Highly personalized service. A keen understanding of our clients' needs. Besen Retail was formed in 2005 on these very principles, and has a strong reputation for proven success representing landlords, property managers and retailers throughout New York. As leasing specialists, we provide the right representation, the right strategy and the right results. We provide expertise in all facets of leasing space to find creative solutions to the retail challenges of both tenants and landlords. At our core is a proven knowledge of local and regional markets that is continually updated by studying demographics, vacancy rates, trends and comparables, all of which are used to determine present market value. Since our inception, we have successfully represented real estate owners and asset managers of all sizes, from large portfolios and investment funds to smaller family-owned portfolios and investment groups, as well as first-time owners. Our success as a traditional landlord rep firm quickly resulted in a burgeoning tenant rep business. For more information, contact: Matthew Mager, Executive Director (646) 472-8735 matt@besenretail.com 21
CONTACTS Jack A. Cohen Director (646) 472-8737 jack@besenretail.com Paul Nigido Senior Financial Analyst (646) 424-5350 pnigido@besenretail.com Matt Mager Executive Director (646) 472-8735 matt@besenretail.com Zachary Ebner Associate (212) 213-6480 zachary@besenretail.com Jared Rehberg Marketing Manager (646) 424-5067 jared@besenretail.com 22
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice.