Parc Vendome Leases Retail Space At 344 West 57th Street Manhattan For $130 Per Square Foot
344 West 57th Street
$130
$130/SF
Building Size
925 SF
Asset Type
Retail
Closing
May 31, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 344 West 57th Street, Manhattan. The landlord is Parc Vendome, and the asking rent for the space is $130 per square foot, with a total area of 925 square feet. The lease is classified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Address: 344 West 57th Street
- Market: Manhattan
- Landlord: Parc Vendome
- Lease Type: Single Net Lease
- Landlord's Representatives: James Famularo, Jordan Langer & Marcelo Demoraes - Meridian Capital Group
Key individuals involved in this deal include James Famularo, Jordan Langer, and Marcelo Demoraes, representing the landlord, Parc Vendome, through Meridian Capital Group. Their roles were crucial in the facilitation of this lease agreement.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93