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1565 2nd Avenue

Carnegie Hill Properties Leases Retail Space To Skinny Louie On Upper East Side For $250/ft
LEASEDRetail

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

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:

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.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 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

63452.00%

Cash-on-Cash

-18134.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93