BNB Candy & Gift Shop Leases Retail Space From Landlord Steven Croman In East Harlem
2329 1st Avenue
$82
$82/SF
Building Size
800 SF
Asset Type
Retail
Closing
Apr 27, 2025
AI
The property asset involved in the transaction is a retail space located at 2329 1st Avenue in East Harlem. The lease type is a Modified Gross Lease with an asking rent of $82 per square foot for a total area of 800 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $82/ft
- Address: 2329 1st Avenue
- Market: East Harlem
- Landlord: Steven Croman
- Tenant: BNB Candy & Gift Shop
- Brokers: Dane Harlowe & Mariko Tanaka - Meridian Capital Group
Dane Harlowe and Mariko Tanaka represented the landlord and tenant in this transaction, facilitating the leasing process for both parties. Their engagement showcases their role in the East Harlem real estate market.
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
193451.22%
Cash-on-Cash
-55288.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93