Luckin Coffee Signs Lease At 366 5th Avenue In Midtown South With Landlord Norman F. Levy
366 5th Avenue
$225
$225/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Oct 9, 2025
About this deal
AI
The property asset involved in this lease transaction is located at 366 5th Avenue in the Midtown South market, encompassing 2,000 square feet. The asking rent is set at $225 per square foot under a Single Net Lease arrangement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $225/ft
- Square Footage: 2,000
- Address: 366 5th Avenue
- Market: Midtown South
- Landlord: Norman F. Levy
- Tenant: Luckin Coffee
- Tenant's Representatives: Sunanne Zhu, Mathiew Wilson & Shiyun Shang - Alignment Realty
- Broker: Tyler King - Newmark
- Lease Type: Single Net Lease
In this transaction, the landlord, Norman F. Levy, is leasing the retail space to tenant Luckin Coffee. The tenant is represented by the team of Sunanne Zhu, Mathiew Wilson, and Shiyun Shang from Alignment Realty, while Tyler King from Newmark acts as the broker for the deal.
On the Map
$225
$225/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
70502.22%
Cash-on-Cash
-20149.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93