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1764 1st Avenue

Chirping Chicken Leases Retail Space At 1764 1st Avenue Upper East Side For $192/ft
LEASEDRetail

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

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

232 deals

Broker
Martin Nussbaum

Martin Nussbaum

Landlord

$1.8B

vol

25 deals

Landlord

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

104361.84%

Cash-on-Cash

-29826.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93