Cheskel Schwimmer Leases 2,500 SF Retail Space To Barolo East In Manhattan For $210/ft
250 West 49th Street
$210
$210/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Jul 6, 2026
AI
The property asset involved in this transaction is a retail space located at 250 West 49th Street in the Manhattan market. The lease agreement is structured as a Single Net Lease with an asking rent of $210 per square foot, covering an area of 2,500 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $210/ft
- Square Footage: 2,500
- Address: 250 West 49th Street
- Market: Manhattan
- Landlord: Cheskel Schwimmer
- Tenant: Barolo East
- Brokers: Noam Aziz & Carson Shahrabani - Meridian Capital Group
Key individuals in this lease transaction include Cheskel Schwimmer, representing the landlord, and Barolo East as the tenant. The brokerage team from Meridian Capital Group, comprising Noam Aziz and Carson Shahrabani, facilitated the deal.
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
75538.10%
Cash-on-Cash
-21589.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93