LEASEDRetail
Ernie Herrman Of TJ Maxx Signs 40,000 Square Foot Lease At JEMB Realty In Manhattan
50 West 34th Street
Building Size
40,000 SF
Asset Type
Retail
Closing
Jan 28, 2026
About this deal
AI
The asset involved in this transaction is a retail space located at 50 West 34th Street in Manhattan, comprising 40,000 square feet. The property is part of JEMB Realty's Herald Towers in the Herald Square area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 50 West 34th Street
- Market: Manhattan
- Landlord: JEMB Realty
- Tenant: Ernie Herrman - TJ Maxx
- Lease Date: 01/28/2026
This lease marks a significant milestone as TJ Maxx is opening its first new store in Manhattan in over a decade, securing a notable presence in a key retail market.
On the Map
Retail
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Players
JR
JEMB RealtyLandlord
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93