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
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