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:
- Property Type: Retail
- Transaction Amount: $300/ft
- Address: 123 Fifth Avenue
- Market: Flatiron
- Landlord: Torkian Group
- Tenant: Subdued - Lupo Sconciaforni
- Landlord's Representative: Albert Manopla, Marc Sitt & Sophia Gaines - KSR
- Tenant's Representative: George Skaliarinis & Jacky Yedid - KSR
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
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