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1400 5th Avenue

River Spring Physical Therapy P.C Signs Lease At 1400 5th Avenue With Ashkenazy Acquisition Corp
LEASEDRetail

River Spring Physical Therapy P.C Signs Lease At 1400 5th Avenue With Ashkenazy Acquisition Corp

1400 5th Avenue

$65

$65/SF

Building Size

2,617 SF

Asset Type

Retail

Closing

Apr 6, 2026

AI

This transaction involves a retail asset located at 1400 5th Avenue in Harlem, Manhattan. The single net lease was arranged at an asking rent of $65 per square foot for a total area of 2,617 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $65/ft
  • Address: 1400 5th Avenue
  • Market: Harlem, Manhattan
  • Lease Type: Single Net Lease
  • Landlord: Ashkenazy Acquisition Corp
  • Tenant: River Spring Physical Therapy P.C
  • Landlord's Representative: Noam Aziz, Daniel Zacaim & Max Freudenberger - Meridian Capital Group
  • Tenant's Representative: Shaya Katz - Meridian Capital Group
  • Square Footage: 2,617

The deal prominently features the involvement of Meridian Capital Group, which represented both the landlord and tenant in the transaction. Noam Aziz, Daniel Zacaim, and Max Freudenberger acted on behalf of Ashkenazy Acquisition Corp, while Shaya Katz represented River Spring Physical Therapy P.C.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

232 deals

Broker

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93