Chirping Chicken Leases Retail Space At 1764 1st Avenue Upper East Side For $192/ft
1764 1st Avenue
$152
$152/SF
Building Size
550 SF
Asset Type
Retail
Closing
May 21, 2025
AI
The asset involved in the transaction is a retail property located at 1764 1st Avenue in the Upper East Side market. The property encompasses a total square footage of 550 and operates under a modified gross lease structure with an asking rent of $192 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $192/ft
- Square Footage: 550
- Address: 1764 1st Avenue
- Market: Upper East Side
- Landlord: Martin Nussbaum
- Tenant: Chirping Chicken
- Landlord's Representative: Noam Aziz, Carson Shahrabani & Jordan Langer - Meridian Capital Group
- Lease Type: Modified Gross Lease
The individuals involved in this deal are Martin Nussbaum, acting as the landlord, and Chirping Chicken, serving as the tenant. The landlord's representatives for this transaction are Noam Aziz, Carson Shahrabani, and Jordan Langer from Meridian Capital Group, who facilitated the lease agreement.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
104361.84%
Cash-on-Cash
-29826.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93