Stellar Management Leases Retail Space To Function Junction NYC At 50 West 97th Street
50 West 97th Street
$72
$72/SF
Building Size
500 SF
Asset Type
Retail
Closing
Jun 17, 2026
About this deal
AI
The retail space located at 50 West 97th Street - Suite 01I in the Upper West Side has a total of 500 square feet available under a single net lease agreement. The asking rent for this property is $72 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $72/ft
- Address: 50 West 97th Street - Suite 01I
- Market: Upper West Side
- Landlord: Stellar Management
- Tenant: Function Junction NYC
- Brokers: James Famularo & Jordan Langer - Meridian Capital Group
- Lease Type: Single Net Lease
James Famularo and Jordan Langer from Meridian Capital Group represented the landlord, Stellar Management, in this leasing transaction, connecting them with the tenant, Function Junction NYC.
On the Map
$72
$72/SF
Retail
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Players
Market 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
220319.44%
Cash-on-Cash
-62967.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93