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1773 1st Avenue

Greenpoint Deli Leases Retail Space At 1773 1st Avenue Upper East Side For $81 Per Foot
LEASEDRetail

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

Hal Shapiro

RTL Real Estate

Broker

9 deals

Broker
Meridian Retail Group
Meridian Retail GroupBrokerage
Hal Shapiro

Hal Shapiro

Landlord

9 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

111711.27%

Cash-on-Cash

-31927.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93