H&R Block Signs Lease At 575 2nd Avenue Kips Bay Represented By James Ariola
LEASED
$100
New York
See Similar DealsRetail2,500 SF
Leased 12/05/2025
LEASED
H&R Block Signs Lease At 575 2nd Avenue Kips Bay Represented By James Ariola
575 2nd Avenue
See Similar DealsRetail2,500 SF
Leased 12/05/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:2,500 SF
Transaction Type:Lease
This retail asset is located at 575 2nd Avenue in the Kips Bay market of Manhattan. It has an asking rent of $100 per square foot and a total square footage of 2,500. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $250,000
- Address: 575 2nd Avenue
- Market: Kips Bay, Manhattan
- Landlord: Vickers Realty
- Tenant: H&R Block
- Landlord's Representative: Hal Shapiro - RTL Real Estate
- Tenant's Representative: James Ariola - Cushman & Wakefield
Hal Shapiro from RTL Real Estate represented the landlord, Vickers Realty, while James Ariola from Cushman & Wakefield represented the tenant, H&R Block, in this lease transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$286,596.98
Total Lease Value
$2,865,969.83
Net Landlord Cash Flow$286,596.98
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