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
About this deal
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.
On the Map
$1,600,000
$941/SF
Retail
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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