facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

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

Orange Theory Fitness Leases Retail Space At 250 W. 57th St. In Midtown Manhattan
LEASEDRetail

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

Albert Halawani

Kassin Sabbagh Realty

Broker

$445M

vol

49 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Empire State Realty Trust
Empire State Realty TrustLandlord

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