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1590 Lexington Avenue

Steven Croman Leases Retail Space To Supreme Eats Pizza At 1590 Lexington Avenue In Harlem
LEASEDRetail

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:

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

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 deals

Broker
Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 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

79713.57%

Cash-on-Cash

-22782.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93