Aerin Cafe & Patisserie Leases Retail Space At 223 East 58th Street Midtown East
223 East 58th Street
$120
$120/SF
Building Size
700 SF
Asset Type
Retail
Closing
Feb 19, 2026
AI
The asset involved in this transaction is a retail property located at 223 East 58th Street in Midtown East, Manhattan. The property has a total square footage of 700 and operates under a single net lease. The asking rent for this space is set at $120 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Square Footage: 700
- Address: 223 East 58th Street
- Market: Midtown East, Manhattan
- Landlord: Omid Pourmoradi
- Tenant: Aerin Cafe & Patisserie
- Landlord's Representative: Noam Aziz & Max Freudenberger - Meridian Capital Group
- Tenant's Representative: Marcelo Demoraes - Meridian Capital Group
- Lease Type: Single Net Lease
This lease transaction features key individuals from the Meridian Capital Group, where Noam Aziz and Max Freudenberger represent the landlord, while Marcelo Demoraes represents the tenant. The involvement of these representatives highlights their roles in facilitating this retail lease agreement.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93