Mattress Firm Signs Retail Lease At 617 West 181st Street With Landlord Steven Chera
617 West 181st Street
Building Size
8,000 SF
Asset Type
Retail
Closing
Oct 28, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 617 West 181st Street in the Washington Heights market. The lease type is a Retail Lease with an asking rent of $50 per square foot, encompassing a total area of 8,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $50/ft
- Address: 617 West 181st Street
- Market: Washington Heights
- Landlord: Steven Chera
- Tenant: Mattress Firm
- Landlord's Representative: Solomon Sharaby & Ezra Falack - KSR
- Tenant's Representative: Drew Weiss - Newmark
- Lease Type: Retail Lease
KSR is currently marketing an additional 3rd floor in the building, totaling 12,000 square feet, with logical divisions considered. Interested parties may inquire with Solomon and/or Ezra for further details regarding this available space.
On the Map
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Drew Weiss 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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93