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1524 2nd Avenue

LEASEDRetail

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

Chase Welles

RealSource Group

Broker

3 deals

Broker
CA
ConTowers AssociatesBuyer
WM
Whole Foods MarketTenant

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