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124 East 36th Street

Dolce Med Spa Leases Retail Space At 124 East 36th Street In Murray Hill For $60/ft
LEASEDRetail

Dolce Med Spa Leases Retail Space At 124 East 36th Street In Murray Hill For $60/ft

124 East 36th Street

$60

$60/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Nov 25, 2025

AI

The property asset involved in this transaction is a retail space located at 124 East 36th Street in the Murray Hill market. The asking rent for this space is $60 per square foot, covering a total area of 1,500 square feet. This retail asset operates under a modified gross lease structure.

Summary of transaction details:

The key individuals involved in this lease transaction include landlord May Deng and tenant Dolce Med Spa. The brokers facilitating the deal consist of Ben Biberaj from IPRG Retail Leasing, Joseph Sobolov from Investment Property Realty Group, and Benjamin Namdar, David Green, and Albert Salameh from KSR.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

194 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

New York 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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93