Taichi Ishizuki's Afuri Leases 1,500 Square Feet In Midtown Manhattan From Savanna
19 West 44th Street
$150
$150/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Apr 2, 2025
AI
The asset involved in this transaction is a retail property located at 19 West 44th Street in Midtown Manhattan. The property has a square footage of 1,500 and the asking rent is set at $150 per square foot. This location is noteworthy as it is being occupied by Afuri, a Japanese ramen chain, which is replacing Kellari Taverna.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Property Address: 19 West 44th Street
- Market: Midtown Manhattan
- Square Footage: 1,500
- Landlord: Savanna
- Tenant: Taichi Ishizuki - Afuri
- Landlord's Representative: Patrick O’Rourke, Sean Moran & Steven Soutendijk - Cushman & Wakefield
- Tenant's Representative: Elisa Tsai - Cresa
This transaction highlights the involvement of key representatives. The landlord, Savanna, is represented by Patrick O’Rourke, Sean Moran, and Steven Soutendijk from Cushman & Wakefield. On the other side, the tenant, Taichi Ishizuki of Afuri, is represented by Elisa Tsai from Cresa.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93