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1501 2nd Avenue

Kamran Hakim & Adam Brodsky Land Retail Lease To Upside Pizza At 1501 2nd Avenue
LEASEDRetail

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

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:

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

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

87 deals

Broker

Kamran Hakim

Landlord

$199M

vol

8 deals

Landlord

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