Meng Tsai Leases Retail Space To Luckin Coffee At 221 Grand Street In Manhattan
221 Grand Street
$168,000
$168,000/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Nov 3, 2025
About this deal
AI
This retail lease transaction involves a property located at 221 Grand Street in Manhattan. The lease is for a duration of 10 years with an asking rent of $168 per square foot for a total space of 1,000 square feet.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $168/ft
- Lease Term: 10 years
- Asset Address: 221 Grand Street
- Market: Manhattan
- Landlord: Meng Tsai
- Tenant: Luckin Coffee
- Landlord's Representative: John Roesch & Jessica Blocker - Meridian Capital Group
- Tenant's Representative: Jiangwei Zhou & Tyler Fan - EXP Commercial
The transaction showcases the collaboration between the representatives from Meridian Capital Group, who facilitated the lease for the landlord, and the representatives from EXP Commercial, who represented the tenant, Luckin Coffee, in the agreement.
On the Map
$168,000
$168,000/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
94.42%
Cash-on-Cash
-26.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93