RunPod Signs Retail Lease At 1488 York Avenue Manhattan For $178 Per Ft By Meridian Capital Group
1488 York Avenue
$178
$178/SF
Building Size
675 SF
Asset Type
Retail
Closing
Apr 30, 2026
AI
The property asset is a retail space located at 1488 York Avenue in Manhattan. The space encompasses 675 square feet and has an asking rent of $178 per square foot. The lease type for this transaction is categorized as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $178/ft
- Square Footage: 675
- Address: 1488 York Avenue
- Market: Manhattan
- Tenant: RunPod
- Landlord's Representative: Max Freudenberger & Carson Shahrabani - Meridian Capital Group
- Tenant's Representative: Ahuva Cohen - Meridian Capital Group
- Broker: Noam Aziz - Meridian Capital Group
Key individuals involved in this transaction are Max Freudenberger and Carson Shahrabani, representing the landlord, and Ahuva Cohen, representing the tenant, RunPod. Noam Aziz also played a role as the broker in facilitating this lease agreement.
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
89117.98%
Cash-on-Cash
-25470.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93