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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $275/ft
- Square Footage: 1,000
- Landlord: Sentry Realty
- Tenant: Luckin Coffee
- Lease Type: Retail Lease
- Date of Transaction: 6/16/2025
- Broker Representatives: Freddy Souid, Jack Hamadani, Ike Bibi, David Green & Albert Halawani - KSR
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.
On the Map
$275
$275/SF
Retail
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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
57683.64%
Cash-on-Cash
-16486.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93