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1810 3rd Avenue

Halal Munchies Leases Retail Space At 1810 3rd Avenue East Harlem For $138/ft
LEASEDRetail

Halal Munchies Leases Retail Space At 1810 3rd Avenue East Harlem For $138/ft

1810 3rd Avenue

$138

$138/SF

Building Size

1,300 SF

Asset Type

Retail

Closing

Feb 5, 2025

AI

The property asset involved in this lease transaction is located at 1810 3rd Avenue in the East Harlem market. It is designated as a retail asset with an asking rent of $138 per square foot and encompasses a total area of 1,300 square feet. The lease type is classified as a Modified Gross Lease.

Summary of transaction details:

This lease transaction involves key representatives such as Yaron Cohen, Daniel Cohen, and Elie Cohen, who represent the landlord through Leviathan Leasing. On the tenant's side, Noam Aziz and Carson Shahrabani act as representatives through Meridian Capital Group, facilitating the agreement for Halal Munchies.

Players

Yaron Cohen

Leviathan Capital

Broker

12 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

114949.28%

Cash-on-Cash

-32852.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93