facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

167 East 61st Street

The Trump Organization Leases Retail Space To Felice At 167 East 61st Street In Lenox Hill
LEASEDRetail

The Trump Organization Leases Retail Space To Felice At 167 East 61st Street In Lenox Hill

167 East 61st Street

$300

$300/SF

Building Size

3,400 SF

Asset Type

Retail

Closing

Apr 5, 2025

AI

The property involved in this transaction is a retail space located at 167 East 61st Street in Lenox Hill, Manhattan. The total square footage of the asset is 3,400 square feet, with an asking rent of $300 per foot. This asset type falls under a retail lease arrangement.

Summary of transaction details:

This transaction brought together key representatives from both the landlord and tenant sides. Myles Fennon and Kelly O'Rourke represented The Trump Organization in this deal, while Mark Kapnick and Jordan Cohen from Lee & Associates represented Felice. Their collaboration facilitated the successful leasing of this retail space.

Players

Mark Kapnick

Lee & Associates

Broker

$52M

vol

14 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93