facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

135 East 57th Street

Chelsea Piers Fitness Leases 47000 Sq Ft Retail Space At 135 East 57th Street
LEASEDRetail

Chelsea Piers Fitness Leases 47000 Sq Ft Retail Space At 135 East 57th Street

135 East 57th Street

Building Size

47,000 SF

Asset Type

Retail

Closing

Nov 17, 2025

AI

The property involved in this transaction is located at 135 East 57th Street in the Upper East Side, featuring a retail asset with a total square footage of 47,000. The property is currently owned by TF Cornerstone and is undergoing a transformation into more than 350 apartments.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Landlord: Thomas Elghanayan - TF Cornerstone
  • Tenant: David Tewksbury - Chelsea Piers Fitness
  • Date of Lease: 11/17/2025

David Tewksbury, representing Chelsea Piers Fitness, has signed a lease for the ground-floor space, securing a significant footprint for the fitness center within the developing location under TF Cornerstone's management.

Players

TF Cornerstone
TF CornerstoneLandlord

David A. Tewksbury

Chelsea Piers Fitness

Tenant

$342.9M

vol

3 deals

Tenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93