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
About this deal
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.
On the Map
$102
$102/SF
Retail
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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
155519.61%
Cash-on-Cash
-44447.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93