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
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