Bun Mee Signs 10-Year Retail Lease At 115 East 23rd Street With Landlord Suresh Sani
115 East 23rd Street
$130
$130/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Apr 30, 2026
AI
The property involved in this lease transaction is situated at 115 East 23rd Street in the Gramercy Park market. It is categorized as a retail asset with a total square footage of 2,200. The asking rent for this space is set at $130 per foot. The lease term agreed upon is for 10 years and is classified as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Square Footage: 2,200
- Address: 115 East 23rd Street
- Market: Gramercy Park
- Landlord: Suresh Sani - First Pioneer Properties
- Tenant: Bun Mee
- Landlord's Representative: David Dynak
- Tenant's Representative: Josh Lebowitz - Lee & Associates
- Lease Term: 10 Years
- Lease Type: Retail Lease
Key individuals involved in this transaction include Suresh Sani representing the landlord, First Pioneer Properties, and Bun Mee as the tenant. David Dynak acts as the representative for the landlord, while Josh Lebowitz from Lee & Associates represents the tenant in this lease agreement.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93