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:
- Property Type: Retail
- Transaction Amount: Not specified
- Market: East Harlem, Manhattan
- Landlord: Boris Natenzon
- Tenant: Mexican Ice Cream Shop
- Brokers: Alec Namdar, Noam Aziz, & Samuel Mukamal - Meridian Capital Group
- Address: 2267 2nd Avenue
- Asking Rent: $70/ft
- Size: 1,400 square feet
- Lease Type: Retail Lease
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
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