Solil Management Leases Retail Space To Alejandro Shoe Repair At 145 West 55th Street
145 West 55th Street
$150
$150/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
May 10, 2026
About this deal
AI
The property asset involved in this transaction is located at 145 West 55th Street in the Midtown market. The retail space has a square footage of 1,000 and is leased under a Modified Gross Lease at an asking rent of $150 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Lease Type: Modified Gross Lease
- Landlord: Solil Management
- Tenant: Alejandro Shoe Repair
- Tenant's Representatives: Ben Biberaj - IPRG Retail Leasing & Joseph Sobolov - Investment Property Realty Group
Key individuals involved in the deal include Ben Biberaj and Joseph Sobolov, who represented the tenant, Alejandro Shoe Repair, in the leasing transaction. Their involvement highlights the collaboration between their respective agencies during this closed property transaction.
On the Map
$150
$150/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Ben Biberaj to view all their deals.
Browse New York retail leases on Traded.
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