facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

304 East 62nd Street

Nader Ohebshalom Leases Retail Space To Sushi Nikkei On East 62nd Street For $108/ft
LEASEDRetail

Nader Ohebshalom Leases Retail Space To Sushi Nikkei On East 62nd Street For $108/ft

304 East 62nd Street

$9,000

$9,000/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Apr 17, 2025

AI

The property asset involved in this transaction is a retail space located at 304 East 62nd Street in the Lenox Hill market. The leased space spans 1,000 square feet and is under a modified gross lease agreement. The asking rent for this location was $108 per square foot.

Summary of transaction details:

The key individuals involved in this transaction include the landlord Nader Ohebshalom and the tenant Sushi Nikkei, who will occupy the space. The representation for the landlord was provided by Noam Aziz and Carson Shahrabani from Meridian Capital Group, indicating a professional brokerage involvement in the deal.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

239 deals

Broker

Nader Ohebshalom

Landlord

$380.5M

vol

8 deals

Landlord

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

1762.56%

Cash-on-Cash

-503.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93