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1509 2nd Avenue

Kamran Hakim Leases Retail Space To Whitney Palmer At 1509 2nd Avenue For $150/ft
LEASEDRetail

Kamran Hakim Leases Retail Space To Whitney Palmer At 1509 2nd Avenue For $150/ft

1509 2nd Avenue

$150

$150/SF

Building Size

1,600 SF

Asset Type

Retail

Closing

Jul 27, 2026

AI

The property asset involved in the transaction is a retail space located at 1509 2nd Avenue in the Lenox Hill neighborhood of Manhattan. The asking rent for this space is $150 per square foot, and it encompasses a total area of 1,600 square feet. The lease type is classified as a Single Net Lease.

Summary of transaction details:

The deal was facilitated by the tenant's representatives, who played a crucial role in the negotiations and arrangements for the lease on behalf of the tenant, Whitney Palmer. The participation of Sunanne Zhu, Mathiew Wilson, and Shiyun Shang exemplifies the collaborative effort of Alignment Realty in securing this transaction.

Players

Sunanne Zhu

Alignment Realty

Broker

$20.9M

vol

13 deals

Broker

Kamran Hakim

Landlord

$199M

vol

9 deals

Landlord

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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93