facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

1909 3rd Avenue

Jack Shamosh Leases Retail Space To Third Avenue Deli At 1909 3rd Avenue In East Harlem
LEASEDRetail

Jack Shamosh Leases Retail Space To Third Avenue Deli At 1909 3rd Avenue In East Harlem

1909 3rd Avenue

$100

$100/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Apr 2, 2025

AI

The retail asset located at 1909 3rd Avenue in East Harlem, Manhattan consists of 1,200 square feet of leased space. The modified gross lease for this property was established at an asking rent of $100 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $120,000
  • Address: 1909 3rd Avenue
  • Market: East Harlem, Manhattan
  • Landlord: Jack Shamosh
  • Tenant: Third Avenue Deli
  • Landlord's Representative: Dane Harlowe & Noam Aziz - Meridian Capital Group
  • Tenant's Representative: Nathan Shabot - Meridian Capital Group
  • Lease Type: Modified Gross Lease

This lease transaction involved Jack Shamosh as the landlord and Third Avenue Deli as the tenant, facilitated by representatives from Meridian Capital Group for both parties, ensuring a smooth negotiation and agreement on the lease terms.

Players

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 deals

Broker

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93