Mike Rahbar Leases Upper East Side Retail Space To A-Z Corp Bagels & Coffee For $190/ft
LEASED
$190
New York
See Similar DealsRetail1,200 SF
Leased 12/01/2025
LEASED
Mike Rahbar Leases Upper East Side Retail Space To A-Z Corp Bagels & Coffee For $190/ft
1748 2nd Avenue
See Similar DealsRetail1,200 SF
Leased 12/01/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$190
Total Square Footage:1,200 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$261,376.45
Total Lease Value
$2,613,764.48
Net Landlord Cash Flow$261,376.45
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