LEASEDRetail
Skyzone Signs 35000 Square Foot Lease At East River Plaza With Blumenfeld Development Group
517 East 117th Street
Building Size
35,000 SF
Asset Type
Retail
Closing
Feb 6, 2026
AI
The asset involved is a retail property located at 517 East 117th Street, situated in the East Harlem market of Manhattan. The lease spans 35,000 square feet and was executed by Skyzone as the tenant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 517 East 117th Street
- Market: East Harlem, Manhattan
- Asset Size: 35,000 SF
- Landlord: Blumenfeld Development Group
- Tenant: Skyzone
- Landlord's Representative: Lee Block & Amanda Lagowitz - RTL Real Estate
- Tenant's Representative: William Cafero - Charter Realty & Development
Sky Zone signed the lease with Blumenfeld Development Group at East River Plaza, necessitating a reshuffle of tenants to facilitate the agreement.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93