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223 East 58th Street

Aerin Cafe & Patisserie Leases Retail Space At 223 East 58th Street Midtown East
LEASEDRetail

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

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker

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