David Shamooil Leases Retail Space To Noam And Jason At 137 East 116th Street For $180/ft
137 East 116th Street
$180
$180/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Aug 21, 2026
About this deal
AI
The property asset involved in this transaction is a retail lease located at 137 East 116th Street in New York. The asking rent for this 1,000 square foot space is set at $180 per square foot.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $180/ft
- Address: 137 East 116th Street
- Market: New York
- Landlord: David Shamooil
- Tenant: Noam and Jason tend to eat more than others
- Brokers: Noam Aziz, Danjel Velaj - Meridian Capital Group & Jason Berisha - Meridian Retail Leasing
- Lease Type: Retail Lease
- Square Footage: 1,000 SF
The deal involves key individuals including landlord David Shamooil and tenants Noam and Jason. The brokerage team representing this transaction includes Noam Aziz and Danjel Velaj from Meridian Capital Group as well as Jason Berisha from Meridian Retail Leasing.
Players
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
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93