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348 West 57th Street

Sushi Yolo NYC Leases Retail Space At 348 West 57th Street In Manhattan
LEASEDRetail

Sushi Yolo NYC Leases Retail Space At 348 West 57th Street In Manhattan

348 West 57th Street

$180

$180/SF

Building Size

650 SF

Asset Type

Retail

Closing

Sep 15, 2022

AI

The retail space located at 348 West 57th Street in Manhattan has recently been leased. The property, owned by Heller Realty, will now be occupied by Sushi Yolo NYC. The lease transaction was facilitated by Ben Biberaj and Sammy Weiss of Meridian Retail Leasing.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Asking Rent: $180/ft.
  • Square Footage: 650
  • Address: 348 West 57th Street, Manhattan
  • Market: Manhattan

Ben Biberaj and Sammy Weiss, representing Meridian Retail Leasing, played a significant role in brokering this lease deal between Heller Realty and Sushi Yolo NYC. The terms of the lease agreement, including the rental rate and square footage, have not been disclosed.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Heller Realty
Heller RealtyLandlord

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

88127.78%

Cash-on-Cash

-25187.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93