Solil Management Leases Retail Space To Sushi By M On Upper East Side
1575 2nd Avenue
$155
$155/SF
Building Size
1,560 SF
Asset Type
Retail
Closing
Mar 13, 2024
AI
The retail property located at 1575 Second Avenue in the Upper East Side was leased in a transaction involving Solil Management as the landlord and Sushi By M as the tenant. The deal was facilitated by brokers Maddy Soffer, Solomon Tbeile, and Albert Manopla of KSR. The property boasts a leasing area of 1,560 square feet with an asking rent of $155 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1575 Second Avenue
- Market: Upper East Side
- Landlord: Solil Management
- Tenant: Sushi By M
- Brokers: Maddy Soffer, Solomon Tbeile & Albert Manopla - KSR
- Asking Rent: $155/ft
- Square Footage: 1,560
- Lease Type: Retail Lease
The collaboration between Solil Management, Sushi By M, and the broker team of Maddy Soffer, Solomon Tbeile, and Albert Manopla underscores the successful completion of this retail lease in the vibrant Upper East Side market. Each party played a pivotal role in finalizing the agreement for the 1,560 square foot space, marking another significant transaction in the commercial real estate landscape.
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
102341.94%
Cash-on-Cash
-29249.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93