Seidner Family Leases Retail Space At 836 2nd Avenue To Le Bella Tasse For $132/ft
836 2nd Avenue
$132
$132/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jun 23, 2025
AI
The property is a retail asset located at 836 2nd Avenue in the Turtle Bay neighborhood of Manhattan. It features an asking rent of $132 per square foot and encompasses a total area of 1,000 square feet, under a modified gross lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $132/ft
- Address: 836 2nd Avenue
- Market: Turtle Bay, Manhattan
- Landlord: Seidner Family
- Tenant: Le Bella Tasse
- Lease Type: Modified Gross Lease
- Brokers: Ben Biberaj, Desi Avidane & Cameron Parson - Meridian Capital Group
The deal involves the landlord Seidner Family leasing the space to tenant Le Bella Tasse. The brokers representing this transaction are Ben Biberaj, Desi Avidane, and Cameron Parson from Meridian Capital Group.
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
120174.24%
Cash-on-Cash
-34346.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93