Sea Fire Grill Signs 12,000 Square Foot Lease At 216 East 49th Street In Manhattan
216 East 49th Street
Building Size
12,000 SF
Asset Type
Retail
Closing
May 4, 2026
AI
The asset involved in this lease transaction is a retail space located at 216 East 49th Street in Manhattan, comprising 12,000 square feet. The property has been leased by Sea Fire Grill, which is operated by Benjamin Restaurant Group. The transaction reflects a strategic relocation from their previous location at 158 East 48th Street to this new address in Midtown East.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 216 East 49th Street
- Market: Manhattan
- Landlord: Shaban Sinanaj
- Tenant: Benjamin Prelvukaj & Benjamin Sinanaj
- Operator: Sea Fire Grill
- Previous Location: 158 East 48th Street
Benjamin Prelvukaj and Benjamin Sinanaj are the key individuals representing the tenant in this lease transaction. They have successfully negotiated the terms for the Sea Fire Grill's new location, marking a significant move within the retail sector of Midtown East.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · All transaction types transactions
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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