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1553 2nd Ave New York, NY 1...

Phraya Thai Leases Retail Space At 1553 2nd Avenue On Upper East Side With KSR Brokers
LEASEDRetail

Phraya Thai Leases Retail Space At 1553 2nd Avenue On Upper East Side With KSR Brokers

1553 2nd Ave New York, NY 10028, USA

$180

$180/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Aug 1, 2023

AI

A retail space located at 1553 2nd Avenue in the Upper East Side has been leased. The property, measuring 1,500 square feet, was leased by Phraya Thai, a tenant. The landlord of the property is Cho Zen. The deal was facilitated by Nathan Aballi, Solomon Sharaby, and Samuel Chera of KSR brokerage firm.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 1553 2nd Avenue
  • Market: Upper East Side
  • Tenant: Phraya Thai
  • Landlord: Cho Zen
  • Brokers: Nathan Aballi, Solomon Sharaby, and Samuel Chera - KSR
  • Asking Rent: $180/ft
  • Square Footage: 1,500

The leasing transaction at 1553 2nd Avenue in the Upper East Side was overseen by Nathan Aballi, Solomon Sharaby, and Samuel Chera of KSR brokerage firm. Phraya Thai, the tenant, will occupy a retail space of 1,500 square feet. The landlord of the property, Cho Zen, successfully leased the space to Phraya Thai.

Players

Samuel Chera

Kassin Sabbagh Realty

Broker

29 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

88127.78%

Cash-on-Cash

-25187.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93