Ume Omakase Leases Retail Space At 525 W. 52nd St. In Hells Kitchen
525 West 52nd Street
$100
$100/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Aug 3, 2022
About this deal
AI
A lease transaction has taken place at 525 W. 52nd St. in Hells Kitchen. The property involved in this transaction is a retail space. The tenant who will occupy the space is Ume Omakase. The lease was facilitated by John Roesch from Meridian Capital Group and KSR represented by Maddy Soffer & Carolina Aziz. The asking rent for the space was $100 per square foot and the total square footage of the retail space is 1,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 525 W. 52nd St.
- Market: Hells Kitchen
- Tenant: Ume Omakase
- Brokers: John Roesch - Meridian Capital Group, KSR - Maddy Soffer & Carolina Aziz
- Asking Rent: $100 per square foot
- Square Footage: 1,000
John Roesch from Meridian Capital Group and Maddy Soffer & Carolina Aziz from KSR played a crucial role in this lease transaction. They represented the parties involved and helped negotiate the terms of the lease agreement. This deal showcases their expertise in the real estate market, specifically in the Hells Kitchen area.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93