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525 West 52nd Street

Updated Oct 28, 2024

Ume Omakase Leases Retail Space At 525 W. 52nd St. In Hells Kitchen
LEASEDRetail

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

John Roesch

Meridian Capital Group

Broker

97 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $100 per square foot on a published $100 for 1,000 square feet (2022).

Visit Madeleine "Maddy" Soffer to view all their deals.

Browse New York retail leases on Traded.

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

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