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Luckin Coffee Leases Retail Space At 2799 Broadway From Landlord Michael Sackett For 10 Years

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LEASED
$250
Ariel Schuster
Michael Paster
+ 3

New York

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Retail1,000 SF
Leased
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Property Image
LEASED

Luckin Coffee Leases Retail Space At 2799 Broadway From Landlord Michael Sackett For 10 Years

2799 Broadway

See Similar Deals
Retail1,000 SF
Leased
Ariel Schuster
Michael Paster
+ 3
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$250
Total Square Footage:1000 SF
Transaction Type:Lease

The property asset involved in this lease transaction is a retail space located at 2799 Broadway in the Upper West Side market. The asking rent for this space is $250 per square foot, covering a total area of 1,000 square feet. The lease term spans 10 years and is categorized as a retail lease.

Summary of transaction details:

This lease agreement involves notable representatives from both sides. Ariel Schuster, Michael Paster, and Evan Roteman from Newmark represent the landlord, Michael Sackett. On the tenant's side, Luckin Coffee is represented by Sunanne Zhu, Mathiew Wilson, and Shiyun Shang from Alignment Realty.

Players

Michael Paster
16 deals(212) 351-9345
BROKER

Ariel Schuster
Newmark
25 deals$461.2M volume
BROKER

Evan Roteman
Newmark
18 deals
BROKER

Sunanne Zhu
Alignment Realty
7 deals$7.8M volume
BROKER

Mathiew Wilson
Alignment Realty
6 deals$7.8M volume(917) 322-1428
BROKER

Shiyun Shang
Alignment Realty
5 deals$2.6M volume(631) 891-8820
BROKER

Newmark
BROKERAGE

Details

LEASED
IMAGE: Mathiew Wilson, Shiyun Shang, Sunanne Zhu, Ariel Schuster, Michael Paster & Evan Roteman DATE: 9/18/2025 ADDRESS: 2799 Broadway MARKET: Upper West Side ASSET TYPE: Retail LANDLORD: Michael Sackett TENANT: Luckin Coffee LANDLORD'S REP: Ariel Schuster (@M_Paster), Michael Paster (@M_Paster) & Evan Roteman (@EvanRoteman) - Newmark (@Newmark) TENANT'S REP: Sunanne Zhu (@SunanneZjj), Mathiew Wilson (@MathiewWilson) & Shiyun Shang - Alignment Realty ASKING RENT: $250/ft ~ SF: 1,000 LEASE TERM: 10 Years LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$286,596.98

Total Lease Value

$2,865,969.83

Net Landlord Cash Flow$286,596.98