Yorkville Chemists Leases Retail Space At 1478 1st Avenue Upper East Side For $109/ft
1478 1st Avenue
$109
$109/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Jan 4, 2026
About this deal
AI
The asset involved in this transaction is a retail space located at 1478 1st Avenue in the Upper East Side market. It operates under a Single Net Lease with an asking rent of $109 per square foot, covering a total of 2,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $109/ft
- Square Footage: 2,200
- Address: 1478 1st Avenue
- Market: Upper East Side
- Landlord: The Expansion Group
- Tenant: Yorkville Chemists
- Landlord's Representative: Noam Aziz - Meridian Capital Group
- Broker: Josh Vilinsky - Meridian Capital Group
The deal was facilitated by Noam Aziz and Josh Vilinsky, both representing Meridian Capital Group. They played key roles in the negotiations between the landlord, The Expansion Group, and the tenant, Yorkville Chemists.
On the Map
$109
$109/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
145532.11%
Cash-on-Cash
-41593.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93