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1785 1st Avenue

Alex Cohen Of 340 E 93rd Street Corp. Leases Retail Space To Nuara Nail & Spa
LEASEDRetail

Alex Cohen Of 340 E 93rd Street Corp. Leases Retail Space To Nuara Nail & Spa

1785 1st Avenue

$98

$98/SF

Building Size

805 SF

Asset Type

Retail

Closing

Feb 5, 2026

AI

The asset involved in the transaction is a retail property located at 1785 1st Avenue in the Upper East Side market. The lease agreement is priced at $98 per square foot for a total of 805 square feet, classified as a Single Net Lease.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $98/ft
  • Lease Type: Single Net Lease
  • Address: 1785 1st Avenue
  • Market: Upper East Side
  • Landlord: Alex Cohen - 340 E 93rd Street Corp.
  • Tenant: Nuara Nail & Spa
  • Landlord's Rep: Jessica Blocker & John Roesch - Meridian Capital Group
  • Tenant's Rep: Ygal Laham, Jack Hamadani & Freddy Souid - KSR

The transaction features key representatives, with Jessica Blocker and John Roesch acting on behalf of the landlord, while Ygal Laham, Jack Hamadani, and Freddy Souid represent the tenant in this deal.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker

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

161867.35%

Cash-on-Cash

-46262.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93