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1478 1st Avenue

Yorkville Chemists Leases Retail Space At 1478 1st Avenue Upper East Side For $109/ft
LEASEDRetail

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

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.

Players

Josh Vilinsky

Meridian Capital Group

Broker

12 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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