Steven Croman Leases Retail Space To Supreme Eats Pizza At 1590 Lexington Avenue In Harlem
1590 Lexington Avenue
$199
$199/SF
Building Size
750 SF
Asset Type
Retail
Closing
Apr 4, 2025
AI
The property involved in this transaction is located at 1590 Lexington Avenue in Harlem, Manhattan. It is a retail asset with a leased space measuring 750 square feet. The asking rent for this property is $199 per square foot, and the lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $199/ft
- Address: 1590 Lexington Avenue
- Market: Harlem, Manhattan
- Landlord: Steven Croman
- Tenant: Supreme Eats Pizza
- Landlord's Representative: Dane Harlowe, Noam Aziz & Nathan Shabot - Meridian Capital Group
- Tenant's Representative: Meyer Dagmy - MOD
This lease transaction features key players such as landlord Steven Croman and tenant Supreme Eats Pizza. The representatives for the landlord are Dane Harlowe, Noam Aziz, and Nathan Shabot from Meridian Capital Group, while Meyer Dagmy from MOD represents the tenant in this deal.
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
79713.57%
Cash-on-Cash
-22782.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93