Luca De Meo Of Kering & Ardian Leases Retail Space To Cédric Charbit At 717 Fifth Avenue
717 5th Avenue
Building Size
9,600 SF
Asset Type
Retail
Closing
Oct 9, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 717 5th Avenue in Manhattan. The asset encompasses a total square footage of 9,600 and is transitioning from a prior tenant location at 3 East 57th Street, which offered a larger space of 14,071 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 717 5th Avenue
- Market: Manhattan
- Landlord: Luca de Meo - Kering & Ardian
- Tenant: Cédric Charbit - Saint Laurent
Cédric Charbit is representing Saint Laurent, which will be opening a new store at the aforementioned address. Luca de Meo and Ardian are the landlords of the property involved in this lease transaction.
On the Map
Retail
View full map
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93