Vegan Café Leases Retail Space On Upper East Side For $75/ft. With Brokers Brandon Efap, Dorel Melloul, And Claude Kolb - KSR
1726 2nd Avenue
$75
$75/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Aug 1, 2022
About this deal
AI
A retail space located at 1726 Second Avenue in the Upper East Side has been leased. The space spans approximately 2,200 square feet and was leased for an asking rent of $75 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1726 Second Avenue
- Market: Upper East Side
The landlord for the leased retail space is Paul Vassilakos. The tenant is a Vegan Café. The lease deal was facilitated by Brandon Efap, Dorel Melloul, and Claude Kolb from KSR brokerage.
Players
Squamish 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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93