Freddy Srour Leases Retail Space At 844 2nd Avenue To Metro Taste Japanese Restaurant For $156/ft
844 2nd Avenue
$156
$156/SF
Building Size
500 SF
Asset Type
Retail
Closing
Jun 1, 2026
AI
The property asset involved in this transaction is a retail space located at 844 2nd Avenue in the Turtle Bay market. The leased space encompasses 500 square feet and has an asking rent of $156 per square foot. The lease type is classified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $156/ft
- Address: 844 2nd Avenue
- Market: Turtle Bay
- Square Footage: 500
- Landlord: Freddy Srour
- Tenant: Metro Taste Japanese Restaurant
- Brokers: Noam Aziz & Carson Shahrabani - Meridian Capital Group
The key individuals involved in this transaction include landlord Freddy Srour and tenant Metro Taste Japanese Restaurant. The leasing process was facilitated by brokers Noam Aziz and Carson Shahrabani, representatives from Meridian Capital Group, who played a crucial role in the negotiation and finalization of the lease agreement.
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
101685.90%
Cash-on-Cash
-29062.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93