facebook

traded

+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

1665 Madison Avenue

Harlem Pour House Signs Retail Lease At 1665 Madison Avenue With Landlord Reynold Lam
LEASEDRetail

Harlem Pour House Signs Retail Lease At 1665 Madison Avenue With Landlord Reynold Lam

1665 Madison Avenue

$120

$120/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

May 6, 2026

AI

The asset involved in this transaction is a retail space located at 1665 Madison Avenue in the East Harlem market. The property consists of 1,200 square feet and was leased at an asking rent of $120 per square foot.

Summary of transaction details:

David Sabbagh and Solomon Sharaby of KSR represented the landlord in this expedited transaction. They executed the lease in just under six weeks with a tenant who is an experienced bar operator with a portfolio of 15 current locations. Interested parties for retail space or vacancies are encouraged to reach out to David Sabbagh via email.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

61 deals

Broker
N
N/ALandlord
N
N/ATenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93