Pura Vida Miami Expands With New Lease At 1598 Second Avenue In Upper East Side
1598 Second Avenue New York
Building Size
—
Asset Type
Retail
Closing
May 3, 2025
AI
The asset involved in this transaction is a retail property located at 1598 Second Avenue in the Upper East Side. This asset is part of a prominent market area within New York City.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Lease Date: 05/03/2025
- Tenant: Omer Horev & Jen Horev - Pura Vida Miami
The deal involves Omer Horev and Jen Horev, who are the founders of Pura Vida Miami, a healthy food chain established in 2012 in South Florida. This new location marks the fourth establishment of Pura Vida Miami in New York City.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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