Luckin Coffee Signs Retail Lease At 770 3rd Avenue With Landlord John Calcaterra
770 3rd Avenue
$145
$145/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
Nov 18, 2025
AI
The retail property located at 770 3rd Avenue in the Midtown East market consists of 1,300 square feet and has an asking rent of $145 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $145/ft
- Address: 770 3rd Avenue
- Market: Midtown East
- Landlord: John Calcaterra
- Tenant: Luckin Coffee
- Lease Type: Retail Lease
- Landlord's Representative: David Yablon & Daniel DePasquale - Katz & Associates Real Estate Advisors
- Tenant's Representative: David Green & Albert Halawani - KSR
The lease transaction involved key representatives for both parties, with David Yablon and Daniel DePasquale representing the landlord, John Calcaterra, while David Green and Albert Halawani represented the tenant, Luckin Coffee.
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
109400.00%
Cash-on-Cash
-31266.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93