Keff NYC Inks Production Center Deal in Garment District
Michael Ewing Feb. 1, 2013, 4 p.m.
Keff NYC has inked a deal in Midtown.
The clothing production company will take a 7,500-square-foot space at 142 West 36th Street. The space will house the state-of-the-art knitting mill for Keff NYC Inc.
The knitting mill, located in the heart of the Garment Center, will feature the latest technology in Stoll Knitting machines and linking equipment from Italy to piece the parts together to create sweaters. An additional washing and drying component will finish the high-quality knitted fabric and complete it for distribution.
Keff NYC plans on targeting the designer market through their brand of Yoon. Most of the orders will be shipped throughout North America and Europe.
Sales projection, which are disclosed on their website, are estimated to be upward of $500,000 for the first year through production and $1,500,000 through their Yoon brand. The $2,000,000 figure is notated as a conservative estimate. Keff’s mark up will hover around 65 percent of the product price.
Keff NYC will be led by Leonard Keff and Yoon will be managed by Eric Schiffer.
Alan Sinovsky of Sinovsky Realty Services represented the landlord, 36 Equities Inc. in the transaction. Guya Rei of Manhattan Commercial Realty was on the opposite side of the table representing Keff NYC in the transaction. Both parties could not be reached for comment on the deal.
The asking rent was $32 per square foot and the lease was set for 10 years.