Cory's Beauty Salon 3 Leases Retail Space At 2023 1st Avenue From Andrew Liebhaber
2023 1st Avenue
Building Size
1,252 SF
Asset Type
Retail
Closing
Jul 31, 2025
About this deal
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.
On the Map
Retail
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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