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1056 Third Avenue

David Cohen Leases Retail Space To Upper East Side Mattress Gallery At 1056 Third Avenue
LEASEDRetail

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

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.

Players

Jordan Langer

Meridian Capital Group

Broker

47 deals

Broker
David Cohen

David Cohen

Landlord

$201.3M

vol

7 deals

Landlord

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