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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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