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1882 3rd Avenue

Shai Shustik Leases Retail Space To Wingstop At 1882 3rd Avenue In Harlem For $130/ft
LEASEDRetail

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:

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

Michael Paster

Newmark

Broker

17 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

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93