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1834 3rd Avenue, New York C...

Getir US Inc. Leases Retail Space In East Harlem For $85/ft
LEASEDRetail

Getir US Inc. Leases Retail Space In East Harlem For $85/ft

1834 3rd Avenue, New York City, New York 10029, United States

Building Size

2,039 SF

Asset Type

Retail

Closing

Jan 24, 2022

AI

The retail property located at 1834 3rd Avenue in East Harlem has been leased. The transaction took place on January 9, 2022. The property spans a total of 2,039 square feet. The lease was signed by Getir US Inc. as the tenant. Tarik Bouzourene and Robert Chattah from Reshape Advisory represented the tenant in the deal. The landlord, Eric Brody and Michael Belkin, were represented by Jordan Raphan and Marc Sitt from KSR. The asking rent for the property was $85 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Date: 01/09/2022
  • Address: 1834 3rd Avenue
  • Market: East Harlem
  • Tenant: Getir US Inc.
  • Tenant's Representative: Tarik Bouzourene & Robert Chattah - Reshape Advisory
  • Landlord: Eric Brody & Michael Belkin
  • Landlord's Representative: Jordan Raphan & Marc Sitt - KSR
  • Asking Rent: $85 per square foot
  • Square Footage: 2,039

The deal was facilitated by Tarik Bouzourene and Robert Chattah from Reshape Advisory, who represented Getir US Inc. in the lease agreement. On the landlord's side, Jordan Raphan and Marc Sitt from KSR acted as the representatives for Eric Brody and Michael Belkin. The lease was successful, and the property at 1834 3rd Avenue will now be occupied by Getir US Inc.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93