Mike Rahbar Leases Upper East Side Retail Space To A-Z Corp Bagels & Coffee For $190/ft
1748 2nd Avenue
$190
$190/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Nov 30, 2025
About this deal
AI
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.
On the Map
$190
$190/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
83489.47%
Cash-on-Cash
-23861.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93