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123 Fifth Avenue

Subdued - Lupo Sconciaforni Leases Retail Space At 123 Fifth Avenue From Torkian Group
LEASEDRetail

Subdued - Lupo Sconciaforni Leases Retail Space At 123 Fifth Avenue From Torkian Group

123 Fifth Avenue

$300

$300/SF

Building Size

2,200 SF

Asset Type

Retail

Closing

May 14, 2026

AI

The property involved in this transaction is a retail asset located at 123 Fifth Avenue in the Flatiron market. The total square footage of the space is 2,300, with an asking rent of $300 per square foot for the retail lease.

Summary of transaction details:

The transaction highlights the involvement of key representatives from KSR who facilitated the deal, including both landlord's representatives and tenant's representatives. Albert Manopla, Marc Sitt, and Sophia Gaines represented the landlord, while George Skaliarinis and Jacky Yedid represented the tenant in this leasing arrangement.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

87 deals

Broker
TG
Torkian GroupLandlord

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

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93