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127 West 26th Street

Adam Justin of Justin Management Leases Retail Space To Lu Med Spa At 127 West 26th Street
LEASEDRetail

Adam Justin of Justin Management Leases Retail Space To Lu Med Spa At 127 West 26th Street

127 West 26th Street

$150

$150/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Aug 14, 2025

AI

The retail asset located at 127 West 26th Street in Chelsea, Manhattan consists of 2,500 square feet and is leased under a Modified Gross Lease. The asking rent for this property was set at $135 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $135 per foot
  • Address: 127 West 26th Street
  • Market: Chelsea, Manhattan
  • Landlord: Adam Justin - Justin Management
  • Tenant: Lu Med Spa
  • Landlord's Representative: Ravi Idnani - Newmark
  • Tenant's Representative: Sunanne Zhu - Alignment Realty
  • Lease Type: Modified Gross Lease

Key individuals involved in this transaction include Adam Justin representing Justin Management as the landlord, while Lu Med Spa is the tenant in this deal. Ravi Idnani from Newmark represented the landlord, and Sunanne Zhu from Alignment Realty acted as the tenant's representative.

Players

Ravi Idnani

Newmark

Broker

$3M

vol

67 deals

Broker
JM
Justin ManagementLandlord

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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93