Marc Glassman Of Bayrock Capital Leases Retail Space To Sakura Market For $180/ft In Upper East Side
1114 1st Avenue
Building Size
3,700 SF
Asset Type
Retail
Closing
Oct 29, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 1114 1st Avenue in the Upper East Side. The lease for this space has an asking rent of $180 per square foot for a total area of 3,700 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $666,000
- Landlord: Marc Glassman - Bayrock Capital
- Tenant: Sakura Market
- Brokers: Noam Aziz & Carson Shahrabani - Meridian Capital Group
- Lease Type: Retail Lease
- Date: 10/29/2026
Marc Glassman represents Bayrock Capital in this transaction, providing the retail space to the tenant, Sakura Market. The deal is facilitated by brokers Noam Aziz and Carson Shahrabani from Meridian Capital Group, ensuring successful negotiations for both parties involved.
On the Map
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
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93