Fraydun Manocherian Leases Retail Space To PS Network At 1433 York Avenue In Lenox Hill
1433 York Avenue
$76
$76/SF
Building Size
13,176 SF
Asset Type
Retail
Closing
Jun 30, 2025
About this deal
AI
The retail asset located at 1433 York Avenue in the Lenox Hill neighborhood of Manhattan has a total square footage of 13,176. The lease for this property was signed at an asking rent of $76 per square foot. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $76/ft
- Square Footage: 13,176
- Address: 1433 York Avenue
- Market: Lenox Hill, Manhattan
- Landlord: Fraydun Manocherian
- Tenant: PS Network
- Tenant's Representatives: Noam Aziz & Aaron Harounian - Meridian Capital Group
The representation for the tenant in this transaction was handled by Noam Aziz and Aaron Harounian from Meridian Capital Group, ensuring the tenant’s interests were represented in the leasing process. This involvement highlights the key players facilitating the agreement for this retail space.
On the Map
$76
$76/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
208723.68%
Cash-on-Cash
-59653.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93