Shai Shustik Leases Retail Space To Wingstop At 1882 3rd Avenue In Harlem For $130/ft
1882 3rd Avenue
$130
$130/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jan 18, 2026
AI
The property asset involved in this transaction is a retail space located at 1882 3rd Avenue in the Harlem market. The property encompasses 1,200 square feet and has an asking rent of $130 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Lease Type: Retail Lease
- Landlord: Shai Shustik
- Tenant: Wingstop
- Landlord's Representative: Freddy Souid & Jack Hamadani - KSR
- Tenant's Representative: Michael Paster & Benjamin Birnbaum - Newmark
The key individuals involved in this deal include the landlord Shai Shustik and the tenant Wingstop, with Freddy Souid and Jack Hamadani representing the landlord through KSR, and Michael Paster and Benjamin Birnbaum representing the tenant via Newmark.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93