160 7th Avenue
This is a standard retail lease transaction in Chelsea at 160 7th Avenue, executed at $176/SF annually for a 2,500 SF space, resulting in approximately $440,000 in base annual rent — consistent with but slightly below peak asking rents on the 7th Avenue corridor, which have historically ranged from $175 to $225/SF for ground-floor retail in this submarket. The landlord, Rialto Management Corp., represents experienced NYC retail ownership with a credible long-term track record, adding stability to the deal structure. The tenant, Books N' Cup Cafe, is an independent operator with an unproven multi-location history, introducing meaningful credit risk typical of food-and-beverage or hybrid retail concepts in a high-cost market. Chelsea retail fundamentals remain mixed post-pandemic, with strong foot traffic near key corridors offset by continued softness in independent retail survival rates. Overall, this is a competent lease execution by a reputable landlord, but the independent tenant's credit profile and the hybrid bookstore-cafe format warrant monitoring for lease performance risk.
Deal Stats
Parties
Seller / Landlord
Rialto Management Corp., led by Scott and Jake Lerman, is a New York-based property ownership and management firm with an established presence in NYC retail leasing; the Lerman family has a multi-decade track record of managing and leasing retail assets across Manhattan, suggesting competent landlord stewardship and familiarity with local market dynamics.
Buyer / Tenant
Books N' Cup Cafe is an independent retail cafe-bookstore concept entering the Chelsea market; as a small independent operator, credit depth and multi-unit track record are limited and carry typical single-location tenant risk. Their hybrid bookstore-cafe format is a trendy but operationally complex concept with mixed survival rates in high-rent NYC corridors.
Score Analysis
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Resolve outstanding violations or liens
Active violations significantly depress the score; clearing them has high impact.
Provide sponsor financial statements
Documented liquidity and net worth reduce lender risk perception.
Submit a detailed business plan
A clear repositioning or hold strategy demonstrates deal viability.
Identify institutional co-lenders or equity partners
Reputable co-investors signal deal quality to underwriters.
Raw Deal Textclick to expand
Submit Growing Financial Partnerships For Over 30 Years. Get Started Deals New York Retail Lease 160 7th Avenue Scott Lerman & Jake Lerman Of Rialto Management Corp Lease Retail Space To Books N' Cup Cafe At 160 7th Avenue LEASED $176 + 1 2,500 SF Leased 2 weeks ago the deal players comps contact related Summary NEW YORK Asset Type: Price Per Square Foot: Total Square Footage: Transaction Type: The property involved in this transaction is a retail space located at 160 7th Avenue in Chelsea. The total square footage of the asset is 2,500 square feet and the asking rent was set at $176 per foot. Summary of transaction details: Property Type: Retail Lease Transaction Amount: $176/ft Address: 160 7th Avenue Market: Chelsea Landlord: Scott Lerman & Jake Lerman - Rialto Management Corp. Tenant: Books N' Cup Cafe Brokers: Hunter Lazan, Jack Khaski, Jacky Yedid & Albert Manopla - KSR Lease Type: Retail Lease Square Footage: 2,500 The deal was facilitated by brokers Hunter Lazan, Jack Khaski, Jacky Yedid, and Albert Manopla, who represented the involved parties in the leasing transaction. The landlords of the property, Scott Lerman and Jake Lerman, are associated with Rialto Management Corp., while the tenant is Books N' Cup Cafe. See More Players All Brokers Albert Manopla 82 deals $4.3M volume (212) 380-8369 BROKER Jack Khaski 43 deals Jacky Yedid 8 deals (646) 726-5122 Hunter Lazan 9 deals $200 volume (772) 559-5195 Details Deal Summary IMAGE: Hunter Lazan, Jack Khaski, Jacky Yedid & Albert Manopla DATE: 5/12/2026 ADDRESS: 160 7th Avenue MARKET: Chelsea ASSET TYPE: Retail LANDLORD: Scott Lerman & Jake Lerman - Rialto Management Corp. TENANT: Books N' Cup Cafe BROKERS: Hunter Lazan (@Hunter_Lazan), Jack Khaski (@JackKhaski), Jacky Yedid (@Jacky_Yedid2) & Albert Manopla (@AlbertJManopla) - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $176/ft ~ SF: 2,500 LEASE TYPE: Retail Lease 'CupCafe Email New York | @tradedny Contact Get in touch with the broker you want Select Brokers Jack Khaski, Albert Manopla, Jacky Yedid, Hunter Lazan Name Phone (optional) Message I'm an agent Similar Tenants These are similar tenants of Retail properties in this price range ba Unlock All Profiles Unlimited deal views Access investor profiles & contacts Exclusive comps & market data These are similar brokers based on this deal Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map. NEW! Search No recent news available for this market No active listings available for this market Suggestions Analyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results. Deal Type SALE LOAN LEASE Property Size (sq ft) Rent per Square Foot (Annual) Lease Term (Years) Annual Escalation (%) Lease Type NNN (Triple Net) Free Rent Period (Months) Reset Effective Rent (Annual) $504,410.69 Total Lease Value $5,044,106.90 Net Landlord Cash Flow Is there something missing? Send suggestions We are telling CRE's story Traded is the #1 source for cutting edge CRE transactions & insights. States National Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming News Agents Agencies About About Us FAQ Testimonials Help Help Center Return Policy © 2026 Traded Media LLC . All rights reserved. Terms & Conditions Privacy Disclaimer Cookie Policy Do Not Sell My Info Acceptable Use