Jeffrey Cheng Leases Retail Space At 135 East 63rd Street To Colorpop For $150/ft
135 East 63rd Street
$150
$150/SF
Building Size
1,995 SF
Asset Type
Retail
Closing
May 21, 2025
About this deal
AI
The retail asset located at 135 East 63rd Street in the Upper East Side has been leased at an asking rent of $150 per square foot for a total area of 1,995 square feet. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Lease Type: Modified Gross Lease
- Address: 135 East 63rd Street
- Market: Upper East Side
- Landlord: Jeffrey Cheng
- Tenant: Colorpop
- Landlord's Representative: James Famularo, Jacob Mayer & Bobby Ortense - Meridian Capital Group
- Tenant's Representative: Claude Kolb - KSR
Key individuals involved in this transaction include Jeffrey Cheng as the landlord and Colorpop as the tenant, both represented by their respective brokers, with the landlord's representation coming from the Meridian Capital Group and Claude Kolb representing the tenant through KSR.
On the Map
$150
$150/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Claude Kolb to view all their deals.
Browse New York retail leases on Traded.
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