David Cohen Leases Retail Space To Upper East Side Mattress Gallery At 1056 Third Avenue
1056 Third Avenue
$125
$125/SF
Building Size
2,712 SF
Asset Type
Retail
Closing
Apr 30, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 1056 Third Avenue in the Upper East Side market. It features a square footage of 2,712 and is being leased under a Single Net Lease agreement with an asking rent of $125 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Square Footage: 2,712
- Lease Type: Single Net Lease
- Landlord: David Cohen
- Tenant: Upper East Side Mattress Gallery
- Broker: Jordan Langer - Meridian Capital Group
This transaction showcases the collaboration between David Cohen as the landlord and Upper East Side Mattress Gallery as the tenant, facilitated by broker Jordan Langer from Meridian Capital Group, highlighting their roles in securing this lease agreement.
On the Map
$125
$125/SF
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93