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501 Seventh Avenue

Empire State Realty Trust Leases Retail Space To H&K Health Beauty At 501 Seventh Avenue
LEASEDRetail

Empire State Realty Trust Leases Retail Space To H&K Health Beauty At 501 Seventh Avenue

501 Seventh Avenue

$95

$95/SF

Building Size

2,048 SF

Asset Type

Retail

Closing

Jul 20, 2026

AI

The property asset involved in the transaction is a retail space located at 501 Seventh Avenue in Manhattan. The asking rent for this property is $95 per square foot, encompassing a total area of 2,048 square feet. The landlord for this lease is Empire State Realty Trust.

Summary of transaction details:

  • Property Type: Retail Lease
  • Transaction Amount: $95/ft
  • Square Footage: 2,048 SF
  • Address: 501 Seventh Avenue
  • Market: Manhattan
  • Landlord: Empire State Realty Trust
  • Tenant: H&K Health Beauty
  • Tenant's Representatives: Sunanne Zhu, Mathiew Wilson & Shiyun Shang - Alignment Realty

This lease agreement highlights the involvement of Alignment Realty, represented by Sunanne Zhu, Mathiew Wilson, and Shiyun Shang, who acted as the tenant's representatives in securing the deal for H&K Health Beauty.

Players

Sunanne Zhu

Alignment Realty

Broker

$20.9M

vol

13 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

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

166978.95%

Cash-on-Cash

-47723.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93