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:
- Property Type: Retail
- Transaction Amount: $240,000
- Landlord: Kamran Hakim
- Tenant: Whitney Palmer
- Tenant's Representative: Sunanne Zhu, Mathiew Wilson & Shiyun Shang - Alignment Realty
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
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