Luckin Coffee Leases Retail Space At 369 Lexington Avenue In Midtown East With Landlord Benjamin Stavrach
369 Lexington Avenue
$180
$180/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 1, 2026
About this deal
AI
The property involved in the transaction is a retail asset located at 369 Lexington Avenue in Midtown East, with a square footage of 1,000. The asking rent for this lease is set at $180 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $180/ft
- Lease Type: Retail Lease
- Landlord: Benjamin Stavrach
- Tenant: Luckin Coffee
- Brokers: David Green & Albert Halawani - KSR
- Date: 1/1/2026
David Green and Albert Halawani are the brokers representing the landlord and tenant in this deal, facilitating the leasing of the retail space to Luckin Coffee.
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