Abe Sutton Leases Retail Space To Zola Coffee Co. At 55 Liberty Street For $120/ft
55 Liberty Street
Building Size
1,650 SF
Asset Type
Retail
Closing
Oct 27, 2026
About this deal
AI
The property asset is located at 55 Liberty Street in the Financial District of Manhattan, featuring a retail lease with an asking rent of $120 per square foot. The total square footage for the lease is 1,650 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Address: 55 Liberty Street
- Market: Financial District, Manhattan
- Landlord: Abe Sutton
- Tenant: Zola Coffee Co.
- Landlord's Representative: Ravi Idnani & Andrew Stern - Newmark
- Tenant's Representative: Michael Turovskiy - KSR
- Lease Type: Retail Lease
The transaction involves key representatives from both the landlord and tenant sides. Ravi Idnani and Andrew Stern from Newmark represent the landlord, Abe Sutton, while Michael Turovskiy from KSR represents the tenant, Zola Coffee Co.
On the Map
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93