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1183 2nd Avenue

Randy's Donuts Leases Retail Space At 1183 2nd Avenue In Upper East Side For $166/ft
LEASEDRetail

Randy's Donuts Leases Retail Space At 1183 2nd Avenue In Upper East Side For $166/ft

1183 2nd Avenue

$166

$166/SF

Building Size

650 SF

Asset Type

Retail

Closing

Apr 20, 2026

AI

The property involved in this lease transaction is a retail asset located at 1183 2nd Avenue in the Upper East Side market. The asking rent for this space is $166 per square foot, with a total square footage of 650. This lease is categorized as a Single Net Lease.

Summary of transaction details:

The deal features key individuals including landlord Alan Wasserman, who is represented by Morgan Singer and Gene Spiegelman of Ripco. On the tenant side, Randy's Donuts is represented by Nick Hanna and Elliot Wygoda from Meridian Capital Group.

Players

Gene Spiegelman

Ripco

Broker

$30.3M

vol

11 deals

Broker

Alan Wasserman

S.W. Management

Landlord

$82.5M

vol

4 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

95560.24%

Cash-on-Cash

-27311.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93