Mike Rahbar Leases Upper East Side Retail Space To A-Z Corp Bagels & Coffee For $190/ft

The asset involved in the transaction is a retail space located at 1748 2nd Avenue in the Upper East Side. The property has a lease type categorized as a Single Net Lease and encompasses a total square footage of 1,200. The asking rent for this location was set at $190 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $190/ft
• Square Footage: 1,200
• Landlord: Mike Rahbar
• Tenant: A-Z Corp - Bagels & Coffee
• Brokers: Joaquin Carrillo & Daniel Rachline - Meridian Capital Group
• Market: Upper East Side
• Lease Type: Single Net Lease

This transaction involved Joaquin Carrillo and Daniel Rachline representing the landlord, successfully leasing the property after nearly a year of vacancy. They managed to complete the leasing process in under three months, showcasing their effectiveness in the real estate market.