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836 2nd Avenue

Seidner Family Leases Retail Space At 836 2nd Avenue To Le Bella Tasse For $132/ft
LEASEDRetail

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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