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121 East 27th Street

Corgi Cafe Leases Retail Space At 121 East 27th Street With Max Freudenberger & Michael Escava As Landlord's Rep
LEASEDRetail

Corgi Cafe Leases Retail Space At 121 East 27th Street With Max Freudenberger & Michael Escava As Landlord's Rep

121 East 27th Street

$175

$175/SF

Building Size

1,223 SF

Asset Type

Retail

Closing

Jul 15, 2026

AI

The property asset involved in this lease transaction is a retail space located at 121 East 27th Street in Manhattan. The asking rent for the space is $175 per square foot, encompassing a total area of 1,223 square feet. The lease is structured as a Single Net Lease, with specific terms focused on the landlord and tenant arrangements.

Summary of transaction details:

This transaction involved multiple key individuals and companies. The landlord, Windsor Management, was represented by Max Freudenberger and Michael Escava from Meridian Capital Group. On the other side, Corgi Cafe was represented by Andrew Taub and Grace Zimmer from Newmark. Notably, the deal included a lease assignment, as the cocktail bar was sold to the cafe.

Players

Andrew Taub

Newmark

Broker

$5.9M

vol

10 deals

Broker
WM
Windsor ManagementLandlord
CC
Corgi CafeTenant

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

90645.71%

Cash-on-Cash

-25906.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93