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216 East 49th Street

Sea Fire Grill Signs 12,000 Square Foot Lease At 216 East 49th Street In Manhattan
Retail

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

Shaban Sinanaj

Landlord

1 deal

Landlord
SG
Sea Fire GrillTenant

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