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155 West 66th Street

M Studio Signs Lease At 155 West 66th Street In Lincoln Square With Gene Spiegelman & Morgan Singer As Landlord's Reps
LEASEDRetail

M Studio Signs Lease At 155 West 66th Street In Lincoln Square With Gene Spiegelman & Morgan Singer As Landlord's Reps

155 West 66th Street

$200

$200/SF

Building Size

4,366 SF

Asset Type

Retail

Closing

Mar 3, 2025

AI

The retail property located at 155 West 66th Street in the Lincoln Square market has a square footage of 4,366. The landlord Millennium Partners has leased this space to M Studio under a Single Net Lease. The asking rent for this property was $200 per square foot.

Summary of transaction details:

The transaction involved multiple representatives, with Gene Spiegelman and Morgan Singer representing the landlord's interests in the deal, while the tenant's interests were represented by Christopher Okada, alongside Avery Reavill and Alex Fleischman from Okada & Company.

Players

Christopher Okada

Okada & Company

Broker

$352.8M

vol

86 deals

Broker
MP
Millennium PartnersLandlord

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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93