KSR And Lalmir Sultanzada Acquire Retail Property At 842 2nd Avenue For $1.7M
842 2nd Avenue
$1,600,000
$941/SF
Building Size
1,700 SF
Asset Type
Retail
Closing
Mar 31, 2026
AI
The retail property located at 842 2nd Avenue in the Turtle Bay market was sold for $1,700,000. The asset encompasses a total of 1,000 square feet, translating to a price per square foot of $1,700.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,700,000
- Buyer: KSR & Lalmir Sultanzada
- Seller: George Nicholas
- Date of Sale: 4/1/2026
The transaction involved brokers Jack Khaski, Albert Manopla, and Jack Zalta representing the deal. Their roles were crucial in facilitating the sale between KSR & Lalmir Sultanzada and George Nicholas.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93