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1375 Broadway

Luckin Coffee Signs Retail Lease At 1375 Broadway In Midtown With Landlord Sentry Realty
LEASEDRetail

Luckin Coffee Signs Retail Lease At 1375 Broadway In Midtown With Landlord Sentry Realty

1375 Broadway

$275

$275/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Jun 15, 2025

AI

The property asset involved in this transaction is a retail space located at 1375 Broadway in the Midtown market. The asking rent for the lease is $275 per square foot, encompassing a total area of 1,000 square feet. The deal reflects the dynamics of the retail leasing market in this prime area.

Summary of transaction details:

This transaction highlights key individuals from KSR representing the lease, including Freddy Souid, Jack Hamadani, Ike Bibi, David Green, and Albert Halawani. Their involvement underscores the collaborative effort undertaken to finalize the lease agreement between Sentry Realty and Luckin Coffee.

Players

Albert Halawani

Kassin Sabbagh Realty

Broker

$445M

vol

49 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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

57683.64%

Cash-on-Cash

-16486.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93