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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $108/ft
- Lease Type: Modified Gross Lease
- Landlord: Nader Ohebshalom
- Tenant: Sushi Nikkei
- Landlord's Representative: Noam Aziz & Carson Shahrabani - Meridian Capital Group
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.
On the Map
$9,000
$9,000/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
1762.56%
Cash-on-Cash
-503.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93