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:
- Property Type: Retail
- Transaction Amount: $300/ft
- Square Footage: 3,400
- Address: 167 East 61st Street
- Market: Lenox Hill, Manhattan
- Landlord: The Trump Organization
- Tenant: Felice
- Landlord's Representative: Myles Fennon & Kelly O'Rourke - The Trump Organization
- Tenant's Representative: Mark Kapnick & Jordan Cohen - Lee & Associates
- Lease Type: Retail Lease
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
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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93