Nello Signs Lease At 62 West 55th Street In Manhattan
62 West 55th Street
$201
$201/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Apr 26, 2025
About this deal
AI
The lease involves a retail asset located at 62 West 55th Street in Manhattan. The asking rent for the property is set at $201 per square foot, with a total space of 2,200 square feet. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $201/ft
- Square Footage: 2,200
- Address: 62 West 55th Street
- Market: Manhattan
- Landlord:
- Tenant: Nello
- Brokers: James Famularo & Jacob Mayer - Meridian Capital Group
James Famularo and Jacob Mayer represented the landlord, from , in the transaction with tenant Nello. The brokerage involved in facilitating this deal was Meridian Capital Group.
On the Map
$201
$201/SF
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
78920.40%
Cash-on-Cash
-22555.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93