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1488 York Avenue

RunPod Signs Retail Lease At 1488 York Avenue Manhattan For $178 Per Ft By Meridian Capital Group
LEASEDRetail

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

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

232 deals

Broker

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