Meyer Equities Leases Retail Space To Hydrogen Fitness At 145 East 32nd Street For $65/ft
145 East 32nd Street
$65
$65/SF
Building Size
17,000 SF
Asset Type
Retail
Closing
Mar 17, 2026
AI
The retail asset involved in this transaction is located at 145 East 32nd Street in the Murray Hill neighborhood of Manhattan. The leased space spans 17,000 square feet, with an asking rent of $65 per square foot. The lease agreement is established for a term of 15 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $65/ft
- Square Footage: 17,000
- Lease Term: 15 Years
- Address: 145 East 32nd Street
- Market: Murray Hill, Manhattan
- Landlord: Meyer Equities
- Tenant: Hydrogen Fitness
- Landlord's Representative: Thomas Capuano - Okada & Company
- Tenant's Representatives: Cory Gahr & Josh Lebowitz - Lee & Associates
The transaction features key representatives, including Thomas Capuano from Okada & Company representing the landlord, Meyer Equities, and Cory Gahr alongside Josh Lebowitz from Lee & Associates representing the tenant, Hydrogen Fitness. Their involvement highlights the professional collaborations within the retail leasing sector of Manhattan.
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93