Greenpoint Deli Leases Retail Space At 1773 1st Avenue Upper East Side For $81 Per Foot
1773 1st Avenue
$142
$142/SF
Building Size
840 SF
Asset Type
Retail
Closing
Nov 24, 2025
AI
The property asset involved in this transaction is a retail space located at 1773 1st Avenue in the Upper East Side market. The single net lease has an asking rent of $81 per square foot and encompasses a total area of 1,480 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $81/ft
- Lease Type: Single Net Lease
- Landlord: Aras Properties
- Tenant: Greenpoint Deli
- Landlord's Representative: Hal Shapiro - RTL Real Estate
- Tenant's Representative: Will Sine - Meridian Retail Leasing
The key individuals involved in this lease transaction include Hal Shapiro representing Aras Properties and Will Sine representing Greenpoint Deli, each playing their roles in facilitating the deal between the landlord and tenant.
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