Cali Market Signs 10 Year Lease At 2329 1st Avenue From Landlord Steven Croman
2329 1st Avenue
$65
$65/SF
Building Size
1,200 SF
Asset Type
Mixed-use
Closing
Feb 28, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 2329 1st Avenue in the East Harlem market. The lease was negotiated at an asking rent of $65 per square foot for a total space of 1,200 square feet. The lease term is set for 10 years and follows a modified gross lease structure.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $65/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Steven Croman
- Tenant: Cali Market
- Brokers: Jack Sash Basora, Mark Golberg & Aryeh Vilinsky - Tahari Realty
The key individuals involved in this lease transaction are Steven Croman representing the landlord, and Cali Market as the tenant. The brokers facilitating the deal are Jack Sash Basora, Mark Golberg, and Aryeh Vilinsky, all associated with Tahari Realty.
On the Map
$65
$65/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93