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344 West 57th Street

Parc Vendome Leases Retail Space At 344 West 57th Street Manhattan For $130 Per Square Foot
LEASEDRetail

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

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

365 deals

Broker

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