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55 West 28th Street

Yair Levy Leases Retail Space To Sarah Poplowski Pilates At 55 West 28th Street
LEASEDRetail

Yair Levy Leases Retail Space To Sarah Poplowski Pilates At 55 West 28th Street

55 West 28th Street

$96

$96/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Nov 30, 2025

AI

This retail asset is located at 55 West 28th Street in the NoMad market. The leased space spans 1,200 square feet and operates under a single net lease with an asking rent of $96 per square foot.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $96/ft
  • Lease Type: Single Net Lease
  • Landlord: Yair Levy
  • Tenant: Sarah Poplowski Pilates
  • Landlord's Representative: Jacob Mayer & James Famularo - Meridian Capital Group
  • Tenant's Representative: Cole Kleppinger - Meridian Capital Group

This transaction was completed within a two-week timeframe from its market listing. The representatives from Meridian Capital Group facilitated the leasing process for both the landlord and tenant.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker
Yair Levy

Yair Levy

Landlord

$51.1M

vol

7 deals

Landlord

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

165239.58%

Cash-on-Cash

-47225.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93