Calveras Leases Retail Space At 240 East 75th Street From REDA Holdings For $141/ft
240 East 75th Street
$141
$141/SF
Building Size
1,700 SF
Asset Type
Retail
Closing
Oct 27, 2025
AI
The property asset involved in this transaction is a retail space located at 240 East 75th Street in the Lenox Hill neighborhood of Manhattan. The asking rent for this space is $141 per square foot, and its total size is 1,700 square feet. This lease arrangement is classified as a Single Net Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $141/ft
- Address: 240 East 75th Street
- Market: Lenox Hill, Manhattan
- Landlord: REDA Holdings
- Tenant: Calveras
- Lease Type: Single Net Lease
- BROKERS: Noam Aziz, Carson Shahrabani & Samuel Mukamal - Meridian Capital Group
This lease transaction was facilitated by brokers Noam Aziz, Carson Shahrabani, and Samuel Mukamal, who represent the landlord and tenant in this deal. The participation of Meridian Capital Group highlights the brokerage's involvement in the negotiation and execution of the 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
112503.55%
Cash-on-Cash
-32153.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93