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1834 3rd Avenue

Daniel Klaynberg Leases Retail Space At 1834 3rd Avenue To GiGi's Playhouse In East Harlem
LEASEDRetail

Daniel Klaynberg Leases Retail Space At 1834 3rd Avenue To GiGi's Playhouse In East Harlem

1834 3rd Avenue

$61

$61/SF

Building Size

1,764 SF

Asset Type

Retail

Closing

May 8, 2025

AI

The property asset is located at 1834 3rd Avenue in the East Harlem market. It is a retail space comprising 1,764 square feet. The asking rent for the space is set at $61 per square foot, and it is offered under a Modified Gross Lease type.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $61/ft
  • Address: 1834 3rd Avenue
  • Market: East Harlem
  • Square Footage: 1,764
  • Lease Type: Modified Gross Lease
  • Landlord: Daniel Klaynberg
  • Tenant: GiGi's Playhouse
  • Brokers: Dane Harlowe, Daniel Rachline & Noam Aziz

Key individuals involved in the transaction include landlord Daniel Klaynberg, who is leasing the property to tenant GiGi's Playhouse. The deal was facilitated by brokers Dane Harlowe, Daniel Rachline, and Noam Aziz, representing the respective parties in this transaction.

Players

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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

260049.18%

Cash-on-Cash

-74322.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93