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1760 2nd Avenue

Optometry Group Leases Retail Space In New York City's Second Avenue With Landlord's Rep Mark Tergesen & Cooper Katz
LEASEDRetail

Optometry Group Leases Retail Space In New York City's Second Avenue With Landlord's Rep Mark Tergesen & Cooper Katz

1760 2nd Avenue

$105

$105/SF

Building Size

1,840 SF

Asset Type

Retail

Closing

Oct 31, 2022

AI

The retail property located at 1760 2nd Avenue in New York City has recently been leased in a closed transaction. Spanning a total area of 1,840 square feet, the property was leased by the Optometry Group for a lease term of 15 years. The asking rent for this space was $105 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not applicable
  • Date: 10/31/2022
  • Address: 1760 2nd Avenue
  • Market: New York City

The landlord of the property is the American Development Group. Representing the landlord's interests in this transaction were Mark Tergesen and Cooper Katz from ABS Partners Real Estate. Evan Gasman, on the other hand, served as the tenant's representative.

Players

Mark Tergesen

ABS Partners Real Estate

Broker

$4.3M

vol

15 deals

Broker
AG
American Development GroupLandlord
OG
Optometry GroupTenant

New York City 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

151076.19%

Cash-on-Cash

-43178.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93