Edward Ostad & Michael Ostad Lease Retail Space To Coffee Roasters At 359 West 54th Street
359 West 54th Street
$120
$120/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Aug 19, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 359 West 54th Street in the Hell's Kitchen market. The lease is for a total area of 1,000 square feet at an asking rent of $120 per square foot.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $120/ft
- Square Footage: 1,000 SF
- Address: 359 West 54th Street
- Market: Hell's Kitchen
- Landlord: Edward Ostad & Michael Ostad
- Tenant: Coffee Roasters
- Brokers: Albert Salameh & David Green - KSR
Key individuals involved in this transaction include landlords Edward Ostad and Michael Ostad, who jointly manage the property, while the tenant, Coffee Roasters, is represented by brokers Albert Salameh and David Green from KSR in this leasing deal.
On the Map
$120
$120/SF
Retail
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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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93