Parc Vendome Leases Retail Space To Pure Retreat Beauty Spa In Manhattan For $130/SF
346 West 57th Street
$130
$130/SF
Building Size
1,750 SF
Asset Type
Retail
Closing
May 24, 2026
AI
The property asset involved in this transaction is a retail space located at 346 West 57th Street in Manhattan. The lease type is a Single Net Lease, with an asking rent of $130 per square foot for a total area of 1,750 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Lease Type: Single Net Lease
- Landlord: Parc Vendome
- Tenant: Pure Retreat Beauty Spa
- Date: 5/25/2026
- Brokers: James Famularo, Jordan Langer & Marcelo Demoraes - Meridian Capital Group
The key individuals involved in this transaction include brokers James Famularo, Jordan Langer, and Marcelo Demoraes, who represent the landlord and facilitated the deal for the retail space on behalf of Parc Vendome.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93