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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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