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
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