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330 East 106th Street

Kenneth Sternberg Leases Retail Space To Muna Center Of Manhattan At 330 East 106th Street
LEASEDRetail

Kenneth Sternberg Leases Retail Space To Muna Center Of Manhattan At 330 East 106th Street

330 East 106th Street

$84

$84/SF

Building Size

500 SF

Asset Type

Retail

Closing

Feb 1, 2026

AI

The asset involved in this transaction is a retail property located at 330 East 106th Street in East Harlem. The single net lease was secured for a total of 500 square feet at an asking rent of $84 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $42,000
  • Lease Type: Single Net Lease
  • Landlord: Kenneth Sternberg
  • Tenant: Muna Center of Manhattan
  • Broker: Alec Namdar - Meridian Capital Group
  • Lease Date: 2/2/2026

Alec Namdar mutually represented both the landlord, Kenneth Sternberg, and the tenant, Muna Center of Manhattan, in this transaction. For motivated landlords with vacant commercial space ready to lease, Alec Namdar can be contacted at [email protected] or by phone at 212.468.5915.

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

188845.24%

Cash-on-Cash

-53972.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93