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:
- Property Type: Retail
- Transaction Amount: $175/ft
- Square Footage: 1,223 SF
- Address: 121 East 27th Street
- Market: Manhattan
- Landlord: Windsor Management
- Tenant: Corgi Cafe
- Landlord's Representative: Max Freudenberger & Michael Escava - Meridian Capital Group
- Tenant's Representative: Andrew Taub & Grace Zimmer - Newmark
- Lease Type: Single Net Lease
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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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