Poppi Drink Leases Retail Space From Landlord Michael Orbach At 302 West 37th Street
302 West 37th Street
Building Size
300 SF
Asset Type
Retail
Closing
Oct 23, 2026
About this deal
AI
The transaction involves a retail lease at 302 West 37th Street located in the Manhattan market. The lease is for a total square footage of 300 and has an asking rent of $500 per foot.
Summary of transation details:
- Property Type: Retail Lease
- Transaction Amount: $150,000
- Landlord: Michael Orbach
- Tenant: Poppi Drink
- Asking Rent: $500/ft
- Square Footage: 300
- Brokers: Noam Aziz & Carson Shahrabani - Meridian Capital Group; Joshua Vilinsky - Centerstone Properties
This lease transaction was facilitated by the brokers Noam Aziz and Carson Shahrabani from Meridian Capital Group, representing the landlord, while Joshua Vilinsky from Centerstone Properties represented the tenant, Poppi Drink.
On the Map
Retail
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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
31726.00%
Cash-on-Cash
-9067.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93