Portabella Inks Five-Year Retail Lease With Sedesco At 49 West 57th Street
49 West 57th Street
$80
$80/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Nov 10, 2025
About this deal
AI
The property asset involved in the transaction is located at 49 West 57th Street in Midtown Manhattan, comprising 10,000 square feet of retail space. The asking rent for the property was set at $80 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $80/ft
- Address: 49 West 57th Street
- Market: Midtown Manhattan
- Landlord: Sedesco
- Tenant: Portabella
- Broker: Josh Augenbaum - Augenbaum Realty
- Lease Term: five-year lease
Portabella signed a five-year lease for the retail space, which covers the ground and second floors of the building. The deal is represented by Josh Augenbaum from Augenbaum Realty.
On the Map
$80
$80/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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93