Kamran Hakim & Adam Brodsky Land Retail Lease To Upside Pizza At 1501 2nd Avenue
1501 2nd Avenue
$221
$221/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
Jun 7, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 1501 2nd Avenue in the Upper East Side market. The lease type is a Retail Lease with an asking rent of $221 per square foot for a total area of 1,300 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $221/ft
- Lease Type: Retail Lease
- Market: Upper East Side
- Address: 1501 2nd Avenue
- Landlord: Kamran Hakim & Adam Brodsky
- Tenant: Upside Pizza
- Landlord's Representative: Ike Bibi, Carolina Aziz & Michael Bijou - KSR
- Tenant's Representative: Jack Khaski, Albert Manopla & Hunter Lazan - KSR
The transaction involved key individuals from KSR representing both the landlord and tenant. Ike Bibi, Carolina Aziz, and Michael Bijou acted on behalf of the landlords, while Jack Khaski, Albert Manopla, and Hunter Lazan represented Upside Pizza as tenants.
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
71778.28%
Cash-on-Cash
-20514.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93