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401 East 62nd Street

Il Moro NYC Leases Retail Space From A D Real Estate Investors At 401 East 62nd Street
LEASEDRetail

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:

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

Kevin Bisconti

Meridian Capital Group

Broker

50 deals

Broker
AI
A D Real Estate InvestorsLandlord
IN
Il Moro NYCTenant

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