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50 West 97th Street

Stellar Management Leases Retail Space To Function Junction NYC At 50 West 97th Street
LEASEDRetail

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

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:

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

365 deals

Broker
Stellar Management
Stellar ManagementLandlord

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