Prestige Market Signs Retail Lease At 1865 2nd Avenue With Landlord Jay Espinol
1865 2nd Avenue
$250
$250/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Oct 5, 2025
About this deal
AI
This retail lease transaction involves a property located at 1865 2nd Avenue in the Upper East Side market. The asking rent for the space is $250 per square foot for a total area of 1,100 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $275,000
- Address: 1865 2nd Avenue
- Market: Upper East Side
- Landlord: Jay Espinol
- Tenant: Prestige Market
- Brokers: Malik Wells, Nathan Aballi & Samuel Chera - KSR
- Lease Type: Retail Lease
The brokers involved in this transaction are Malik Wells, Nathan Aballi, and Samuel Chera, representing the landlord and tenant in this retail lease agreement.
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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93