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:
- Property Type: Retail
- Transaction Amount: $138/ft
- Square Footage: 1,300
- Address: 1810 3rd Avenue
- Market: East Harlem
- Landlord: Robert Cohen
- Tenant: Halal Munchies
- Landlord's Representative: Yaron Cohen, Daniel Cohen & Elie Cohen - Leviathan Leasing
- Tenant's Representative: Noam Aziz & Carson Shahrabani - Meridian Capital Group
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
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