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
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