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250 W 57th St, New York, NY...

Le Café Coffee Leases 879 Square Feet At 250 W 57th St New York From Empire State Realty Trust
LEASEDRetail

Le Café Coffee Leases 879 Square Feet At 250 W 57th St New York From Empire State Realty Trust

250 W 57th St, New York, NY, 10107

Building Size

879 SF

Asset Type

Retail

Closing

Sep 28, 2021

AI

The property involved in this transaction is located at 250 W 57th St, New York, NY, 10107, within the New York market. It comprises 879 square feet and is leased to Le Café Coffee. The landlord for this transaction is Empire State Realty Trust.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 250 W 57th St, New York, NY, 10107
  • Market: New York
  • Square Feet: 879
  • Landlord: Empire State Realty Trust
  • Tenant: Le Café Coffee
  • Landlord's Representative: Gene Spiegelman-Ripco

Key individuals in this transaction include Gene Spiegelman from Ripco, who represents the landlord, Empire State Realty Trust, in this lease agreement with the tenant, Le Café Coffee.

Players

Gene Spiegelman

Ripco

Broker

$30.3M

vol

11 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93