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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $125/ft
- Square Footage: 2,400
- Address: 84 Second Avenue
- Market: East Village
- Lease Type: Single Net Lease
- Landlord: Drew Popkin
- Tenant: Archives of Us
- Landlord's Representative: Noam Aziz & Carson Shahrabani - Meridian Capital Group
- Tenant's Representative: Jordan Cohen - Lee & Associates
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
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