Joseph Gaymon Of Ranger Management Leases Retail Space At 217 East 29th Street To Current Coffee
217 East 29th Street
$135
$135/SF
Building Size
400 SF
Asset Type
Retail
Closing
Aug 14, 2025
AI
The retail property located at 217 East 29th Street in Kips Bay, Manhattan has a total square footage of 400. The asking rent for the space is set at $135 per square foot, and the lease type is classified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $135/ft
- Address: 217 East 29th Street
- Market: Kips Bay, Manhattan
- Landlord: Joseph Gaymon - Ranger Management
- Tenant: Current Coffee
- Landlord's Rep: Joseph Gaymon
- Tenant's Rep: Tyler Zar, Adam Lavian & Tanner Zar - Titan Group New York
- Square Footage: 400
- Lease Type: Single Net Lease
The transaction was facilitated with the representation of the tenant by Tyler Zar, Adam Lavian, and Tanner Zar from Titan Group New York. Titan Group New York specializes in commercial and residential leasing, providing guidance for owners seeking to lease vacant units.
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
117503.70%
Cash-on-Cash
-33582.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93