Stellar Management Leases Retail Space To Intravenous Infusion Therapy At 50 West 97th Street
50 West 97th Street
$125
$125/SF
Building Size
900 SF
Asset Type
Retail
Closing
Sep 29, 2026
About this deal
AI
The property involved in this lease transaction is located at 50 West 97th Street - Suite 01C in the Upper West Side market. It is characterized as a retail asset with a lease type classified as a Single Net Lease. The asking rent for the space is $125 per square foot, with a total square footage of 900.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Address: 50 West 97th Street - Suite 01C
- Market: Upper West Side
- Landlord: Stellar Management
- Tenant: Intravenous Infusion Therapy Upper West Side
- Brokers: Jordan Langer & James Famularo - Meridian Capital Group
This lease transaction was represented by Jordan Langer and James Famularo, who are affiliated with Meridian Capital Group. Their involvement highlights the brokerage's role in facilitating the deal between the landlord and tenant, specifically in the context of the retail space leased in the Upper West Side area.
On the Map
$125
$125/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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93