Bua Thai Ramen & Robata Grill Signs 10-Year Lease At 21 East 16th Street In Union Square
21 East 16th Street
$250
$250/SF
Building Size
4,840 SF
Asset Type
Retail
Closing
Jun 26, 2026
About this deal
AI
The property asset involved in this lease transaction is a retail space located at 21 East 16th Street in the Union Square market. The asset spans a total of 4,840 square feet and the asking rent is set at $250 per square foot. The lease terms involve a commitment of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $250/ft.
- Address: 21 East 16th Street
- Market: Union Square
- Square Footage: 4,840
- Lease Terms: 10-year lease
- Landlord: David Ellis Real Estate
- Tenant: Bua Thai Ramen & Robata Grill
- Landlord's Representative: Brandon Singer & Max Kreinces - Retail By Mona
- Tenant's Representative: Frank Ko - E Realty International
Bua Thai Ramen & Robata Grill has expanded from its Upper East Side location by signing the lease for this retail space, which previously housed Danny Meyer's original Union Square Cafe.
On the Map
$250
$250/SF
Retail
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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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93