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2267 2nd Avenue

Meridian Capital Group Brokers Retail Lease In East Harlem For Mexican Ice Cream Shop
LEASEDRetail

Meridian Capital Group Brokers Retail Lease In East Harlem For Mexican Ice Cream Shop

2267 2nd Avenue

$70

$70/SF

Building Size

1,400 SF

Asset Type

Retail

Closing

Feb 27, 2024

AI

The retail property located at 2267 2nd Avenue in East Harlem, Manhattan was leased to a Mexican Ice Cream Shop. The property spans 1,400 square feet with an asking rent of $70 per square foot. The deal was facilitated by Alec Namdar, Noam Aziz, and Samuel Mukamal of Meridian Capital Group on behalf of the landlord, Boris Natenzon.

Summary of transaction details:

The lease agreement was successfully negotiated, marking a significant transaction in the East Harlem retail market. Boris Natenzon, as the landlord, secured a new tenant, the Mexican Ice Cream Shop, through the representation of the brokerage team consisting of Alec Namdar, Noam Aziz, and Samuel Mukamal from Meridian Capital Group, showcasing their expertise in facilitating retail leases in the Manhattan area.

Players

Alec Namdar

Meridian Capital Group

Broker

35 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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93