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57 Trinity Place

The Best of NY Food Leases A Retail Space at 57 Trinity Place
LEASEDRetail

The Best of NY Food Leases A Retail Space at 57 Trinity Place

57 Trinity Place

$110

$110/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

May 6, 2025

AI

This retail asset is located at 57 Trinity Place in the Manhattan market. The space encompasses 1,200 square feet and is leased under a Modified Gross Lease type. The asking rent for this property is set at $110 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $132,000
  • Address: 57 Trinity Place
  • Market: Manhattan
  • Lease Type: Modified Gross Lease
  • Tenant: The Best of NY Food
  • Landlord's Rep: Sam Martorella - Ripco
  • Tenant's Rep: John Roesch & Sara Lamstein - Meridian Capital Group

In this transaction, Sam Martorella represented the landlord while John Roesch and Sara Lamstein represented the tenant. This collaboration highlights the involvement of key players from different commercial real estate firms in securing the lease agreement.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker

Staten Island 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

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93