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84 Second Avenue

Drew Popkin Leases Retail Space At 84 Second Avenue To Archives Of Us For $125/ft
LEASEDRetail

Drew Popkin Leases Retail Space At 84 Second Avenue To Archives Of Us For $125/ft

84 Second Avenue

$125

$125/SF

Building Size

2,400 SF

Asset Type

Retail

Closing

Jul 25, 2026

AI

The asset involved in the transaction is a retail space located at 84 Second Avenue in the East Village market. The space encompasses 2,400 square feet and is under a single net lease agreement with an asking rent of $125 per square foot.

Summary of transaction details:

The key individuals involved in the deal are Drew Popkin as the landlord and Archives of Us as the tenant. The landlord is represented by Noam Aziz and Carson Shahrabani from Meridian Capital Group, while Jordan Cohen from Lee & Associates represents the tenant.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

246 deals

Broker

Drew Popkin

Landlord

$78.1M

vol

12 deals

Landlord
AU
Archives of UsTenant

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

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93