Steak Street Leases Retail Space At 642a Lexington Avenue In Midtown East For $313/ft
642a Lexington Avenue
$313
$313/SF
Building Size
1,050 SF
Asset Type
Retail
Closing
Jun 16, 2025
About this deal
AI
The asset involved in this closed lease transaction is a retail space located at 642a Lexington Avenue in the Midtown East market. The lease has an asking rent of $313 per square foot for a total area of 1,050 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $313/ft
- Address: 642a Lexington Avenue
- Market: Midtown East
- Lease Type: Retail Lease
- Landlord: Viena Margulies & Antony Contomichalos - MacArthur Properties
- Tenant: Steak Street
- Landlord's Representative: Jack Khaski, Albert Manopla & Hunter Lazan - KSR
- Tenant's Representative: Dvir Atias - Manhattan Dwelling Corp
Key individuals involved in this lease transaction are Viena Margulies and Antony Contomichalos representing the landlord alongside their representatives Jack Khaski, Albert Manopla, and Hunter Lazan from KSR. The tenant, Steak Street, is represented by Dvir Atias from Manhattan Dwelling Corp.
On the Map
$313
$313/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
50680.51%
Cash-on-Cash
-14484.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93