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.
On the Map
$250
$250/SF
Retail
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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