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
About this deal
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.
On the Map
$95
$95/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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93