Cafe & Sweets Shoppe On 57th Leases Retail Space At 141 East 57th Street In Sutton Place, Manhattan
141 East 57th Street
$150
$150/SF
Building Size
2,050 SF
Asset Type
Retail
Closing
Nov 6, 2023
About this deal
AI
Located in Sutton Place, Manhattan, the retail space at 141 East 57th Street has been leased to Cafe & Sweets Shoppe On 57th. The property spans 2,050 square feet and was leased under a modified gross lease agreement. The asking rent for the space was $150 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 141 East 57th Street
- Market: Sutton Place, Manhattan
Leo Fox, the landlord, represented by Meagan Bonan from Cushman & Wakefield, successfully leased the space to Cafe & Sweets Shoppe On 57th. Andrew Stern and Ravi Idnani from Newmark represented the tenant in the deal.
On the Map
$150
$150/SF
Retail
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Players
Market 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