Luckin Coffee Leases Retail Space At 555 Sixth Avenue Chelsea With Landlord Brett Solomon
555 Sixth Avenue
$165
$165/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 14, 2026
About this deal
AI
The retail asset located at 555 Sixth Avenue in the Chelsea market involves a lease agreement with a total square footage of 1,000. The asking rent for this property is set at $165 per square foot.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $165/ft
- Address: 555 Sixth Avenue
- Market: Chelsea
- Landlord: Brett Solomon
- Tenant: Luckin Coffee
- Landlord's Representative: Andrew Taub & Benjamin Burnbaum - Newmark
- Tenant's Representative: David Green & Albert Halawani - KSR
This transaction highlights the involvement of various key representatives in the deal, specifically Andrew Taub and Benjamin Burnbaum representing the landlord, while David Green and Albert Halawani represented the tenant, Luckin Coffee, throughout the leasing process.
On the Map
$165
$165/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
96139.39%
Cash-on-Cash
-27476.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93