Carnegie Hill Properties Leases Retail Space To Skinny Louie On Upper East Side For $250/ft
1565 2nd Avenue
$250
$250/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Apr 27, 2025
About this deal
AI
The retail asset located at 1565 2nd Avenue in the Upper East Side has a lease type of Retail Lease. The asking rent is set at $250 per square foot for a total area of 1,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $250/ft
- Lease Type: Retail Lease
- Square Footage: 1,200
- Landlord: Carnegie Hill Properties
- Tenant: Skinny Louie
- Brokers: Carolina Aziz, Madeleine Soffer & Ike Bibi - KSR
Carnegie Hill Properties leases the space to Skinny Louie with representation from brokers Carolina Aziz, Madeleine Soffer, and Ike Bibi of KSR. Skinny Louie is actively seeking additional sites in Manhattan and Brooklyn.
On the Map
$250
$250/SF
Retail
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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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93