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:
- Property Type: Retail
- Transaction Amount: $166/ft
- Square Footage: 650
- Address: 1183 2nd Avenue
- Market: Upper East Side
- Landlord: Alan Wasserman - S.W. Management
- Tenant: Randy's Donuts
- Landlord's Representative: Morgan Singer & Gene Spiegelman - Ripco
- Tenant's Representative: Nick Hanna & Elliot Wygoda - Meridian Capital Group
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
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