Sushi Para & Poke Leases Retail Space At 1771 1st Avenue For $142/ft In Upper East Side
1771 1st Avenue
Building Size
1,100 SF
Asset Type
Retail
Closing
Oct 26, 2026
About this deal
AI
The property involved in this transaction is a retail space located at 1771 1st Avenue in the Upper East Side market. The total square footage of the asset is 1,100, with an asking rent of $142 per square foot. The lease type is a Single Net Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $142/ft
- Square Footage: 1,100
- Landlord: David Rivera - Hirschfeld
- Tenant: Sushi Para & Poke
- Brokers: Kyle Fink & James Famularo - Meridian Capital Group
Key individuals involved in this lease transaction include James Famularo, who serves as the President of Meridian Retail Leasing and brings nearly three decades of experience in the industry. Alongside him is Kyle Fink, also from Meridian Capital Group. Together, they represent the landlords and tenants, leveraging their expertise to connect property owners with potential tenants effectively.
On the Map
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
111711.27%
Cash-on-Cash
-31927.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93