Orange Theory Fitness Leases Retail Space At 250 W. 57th St. In Midtown Manhattan
250 W 57th St, New York City, New York 10107, United States
Building Size
7,065 SF
Asset Type
Retail
Closing
Apr 30, 2022
AI
The retail property located at 250 W. 57th St in Midtown has recently been leased. The transaction took place on 05/01/2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 250 W. 57th St
- Market: Midtown
The landlord for this property is Empire State Realty Trust, while the tenant is Orange Theory Fitness. The lease transaction was facilitated by the tenant's representatives, Albert Halawani and Albert Manopla from KSR. Representing the landlord was Sean Kearns from Cushman & Wakefield.
The asking rent for this retail space was $60 per square foot. The total square footage of the space is 7,065.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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