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575 2nd Avenue

H&R Block Signs Lease At 575 2nd Avenue Kips Bay Represented By James Ariola
LEASEDRetail

H&R Block Signs Lease At 575 2nd Avenue Kips Bay Represented By James Ariola

575 2nd Avenue

$100

$100/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Dec 4, 2025

AI

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.

Players

Hal Shapiro

RTL Real Estate

Broker

9 deals

Broker

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93