31 West 34th Street | TRD Research
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31 West 34th Street

31 West 34th Street
New York, NY 10001
Office, Retail, Leasing/Rental, Ground Lease

The 11-story, 275,609-square-foot office and retail building at 31 West 34th Street is right across the street from the Empire State Building.

It is perhaps best-known as the home of Japanese clothing retailer Uniqlo, which took 64,000 square feet there in late 2011 for its second Manhattan spot. Spanish fashion chain Zara also has a location at 31 West 34th. Office tenants include global-sourcing firm Li & Fung and shared-office-space provider Jay Suites, which rented nearly 28,000 square feet in late 2013 for the low $50s a square foot.

The building was completed in 1912. It is controlled by El Fassi Realty, a partnership of investors Charles Ishay and Isaac Ove. They rent it from ground-lease holder Solil Management, the company that manages the approximately $6 billion real estate empire amassed by the late Sol Goldman. In 2010, El Fassi sued Solil over the denial of paperwork necessary to closing the Uniqlo lease. The two sides settled amicably.
-TA

  • Year Built 1912
  • square feet 275,609
  • block and lot 1-00836-0010
  • BIN 1083638
  • Event Financing
  • Address 31 West 34th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 275,600
  • Price $ 68,000,000
  • Publication Date 10/29/2018
  • Event Date 10/23/2018
  • Party 1 El Fassi Realty
  • Party 2 Safra National Bank
notes
The owner secured a loan of $68 million for the Garment District property.
  • Event Office Leasing
  • Address 31 West 34th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 28,000
  • Publication Date 08/01/2014
  • Event Date 06/22/2014
  • Party 1 El Fassi Realty
  • Party 2 Jay Suites
notes
The shared office space provider signed a lease for the entire eighth floor, adding to its full-floor space on the seventh floor.
  • Event Office Leasing
  • Address 31 West 34th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 28,000
  • Publication Date 02/01/2014
  • Event Date 12/23/2013
  • Party 1 Gotham Holdings
  • Party 2 Jay Suites
notes
The office space provider signed a 15-year lease on the seventh floor.