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
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.
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