Akiva Shoob Leases Retail Space To The Glow Bar 111th In East Harlem For $60,000
2261 1st Avenue
$20
$20/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Dec 31, 2025
AI
The property asset involved in the transaction is a retail space located at 2261 1st Avenue in East Harlem. The asking rent for this space is $20 per square foot, encompassing a total area of 3,000 square feet. The lease type established for this transaction is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20/ft
- Address: 2261 1st Avenue
- Market: East Harlem
- Asset Type: Retail
- Landlord: Akiva Shoob
- Tenant: The Glow Bar 111th
- Brokers: Noam Aziz & Daniel Zacaim - Meridian Capital Group
- Square Footage: 3,000
Noam Aziz and Daniel Zacaim represented the landlord, Akiva Shoob, in this lease transaction. The tenant in this deal is The Glow Bar 111th, indicating an operational setup tailored for retail purposes in the specified location.
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
793150.00%
Cash-on-Cash
-226684.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93