Whole Foods Market Leases 8,121 Square Feet At 1524 2nd Avenue Upper East Side
1524 2nd Avenue
$250
$250/SF
Building Size
8,121 SF
Asset Type
Retail
Closing
Jul 28, 2026
AI
The property involved in this transaction is a retail space located at 1524 2nd Avenue in the Upper East Side market of Manhattan. The asset encompasses a total square footage of 8,121 and is leased at an asking rent of $250 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $250/ft.
- Address: 1524 2nd Avenue
- Market: Upper East Side
- Landlord: ConTowers Associates
- Tenant: Jason Buechel - Whole Foods Market
- Landlord's Representative: Jeffrey Roseman & Drew Weiss - Newmark
- Tenant's Representative: Chase Welles & Jacqueline Klinger - The Shopping Center Group
- Square Footage: 8,121
The deal features Whole Foods Market, represented by Jason Buechel, signing a lease for a smaller-format neighborhood store focused on prepared foods, likely part of its Daily Shop concept. The landlord, ConTowers Associates, was represented in the transaction by Jeffrey Roseman and Drew Weiss from Newmark, while the tenant's representatives were Chase Welles and Jacqueline Klinger from The Shopping Center Group.
Players
Tall Timbers 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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93