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159 East 103rd Street

Walter Roberts Leases Retail Space To 24 Seven Spot Deli At 159 East 103rd Street
LEASEDRetail

Walter Roberts Leases Retail Space To 24 Seven Spot Deli At 159 East 103rd Street

159 East 103rd Street

$102

$102/SF

Building Size

700 SF

Asset Type

Retail

Closing

Jan 7, 2026

AI

Located at 159 East 103rd Street in East Harlem, Manhattan, this retail asset encompasses a total area of 700 square feet. The asking rent for this property is $102 per square foot, structured under a Single Net Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $102/ft
  • Address: 159 East 103rd Street
  • Market: East Harlem, Manhattan
  • Landlord: Walter Roberts
  • Tenant: 24 Seven Spot Deli
  • Landlord's Rep: Alec Namdar - Meridian Capital Group
  • Tenant's Rep: Shaya Katz - Meridian Capital Group

The transaction involved key representatives from Meridian Capital Group, with Alec Namdar representing the landlord, Walter Roberts, and Shaya Katz representing the tenant, 24 Seven Spot Deli. Each played a vital role in facilitating this lease agreement.

Players

Alec Namdar

Meridian Capital Group

Broker

35 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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

155519.61%

Cash-on-Cash

-44447.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93