Soloviev Group Leases 21,000 SF Retail Space At 9 West 57th Street Manhattan
9 West 57th Street
Building Size
21,000 SF
Asset Type
Office
Closing
May 12, 2026
AI
The property asset involved in this transaction is an office space located at 9 West 57th Street in Manhattan. The total square footage of the space is 21,000, and the lease type is specifically categorized as a retail lease. The landlord for this space is Soloviev Group, with the tenant yet to be announced.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 9 West 57th Street
- Market: Manhattan
- Asset Type: Office
- Square Footage: 21,000
- Landlord: Soloviev Group
- Tenant: To Be Announced
- Brokers: Danny Volk, Kayla Terzi & Marc Johnson - Vantage Real Estate Advisors
- Lease Type: Retail Lease
- Note from Broker: This is an F&B lease for the lower-level of the building (9W57).
The deal features negotiations between the Soloviev Group, representing the landlord, and the yet-to-be-announced tenant. The brokers involved, Danny Volk, Kayla Terzi, and Marc Johnson, are affiliated with Vantage Real Estate Advisors, providing their expertise to facilitate the agreement.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93