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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $120/ft
- Lease Type: Retail Lease
- Landlord: Reynold Lam
- Tenant: Harlem Pour House
- Brokers: David Sabbagh & Solomon Sharaby - KSR
- Date: 5/7/2026
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.
On the Map
$120
$120/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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93