Cory's Beauty Salon 3 Leases Retail Space At 2023 1st Avenue From Andrew Liebhaber
2023 1st Avenue
$77
$77/SF
Building Size
1,252 SF
Asset Type
Retail
Closing
Jul 31, 2025
AI
The property involved in this lease transaction is a retail space located at 2023 1st Avenue in the East Harlem market. The total area of the space is 1,252 square feet, and the asking rent is set at $77 per square foot. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2023 1st Avenue
- Market: East Harlem
- Landlord: Andrew Liebhaber
- Tenant: Cory's Beauty Salon 3
- Lease Type: Modified Gross Lease
- Brokers: Noam Aziz & Cory Rywalt - Meridian Capital Group
The deal was facilitated by Noam Aziz and Cory Rywalt, both of Meridian Capital Group, who represented the landlord and tenant in this transaction. Their involvement played a crucial role in navigating the lease agreement for Cory's Beauty Salon 3.
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
206012.99%
Cash-on-Cash
-58879.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93