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642a Lexington Avenue

Steak Street Leases Retail Space At 642a Lexington Avenue In Midtown East For $313/ft
LEASEDRetail

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

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.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker

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