Il Moro NYC Leases Retail Space From A D Real Estate Investors At 401 East 62nd Street
401 East 62nd Street
$104
$104/SF
Building Size
1,250 SF
Asset Type
Retail
Closing
Jun 16, 2026
AI
The retail property located at 401 East 62nd Street in the Upper East Side has a total square footage of 1,250. The asking rent for this space is $104 per square foot. The lease type established for this transaction is a Single Net Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $130,000
- Landlord: A D Real Estate Investors
- Tenant: Il Moro NYC
- Landlord's Representative: Noam Aziz, Carson Shahrabani, & Bradley Benilevi - Meridian Capital Group
- Tenant's Representative: Kevin Bisconti & Jason Berisha - Meridian Retail Leasing
- Lease Date: 6/17/2026
This transaction involved key representatives from Meridian Capital Group and Meridian Retail Leasing, specifically Noam Aziz, Carson Shahrabani, and Bradley Benilevi representing the landlord, while Kevin Bisconti and Jason Berisha represented the tenant. These individuals played a critical role in facilitating the lease agreement for the retail space.
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
152528.85%
Cash-on-Cash
-43593.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93