Stellar Management Leases Retail Space To Castillo's Barbershop In Hamilton Heights For $88/ft
3430 Broadway
$88
$88/SF
Building Size
725 SF
Asset Type
Retail
Closing
May 28, 2026
AI
The property asset involved in this transaction is a retail space located at 3430 Broadway in the Hamilton Heights market. The asset encompasses 725 square feet and is leased under a single net lease arrangement with an asking rent of $88 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $88/ft
- Square Footage: 725
- Address: 3430 Broadway
- Market: Hamilton Heights
- Landlord: Stellar Management
- Tenant: Castillo's Barbershop
- Brokers: Jordan Langer & James Famularo - Meridian Capital Group
The transaction features the landlord as Stellar Management, while Castillo's Barbershop is the tenant taking on the lease. The brokers facilitating the deal are Jordan Langer and James Famularo from Meridian Capital Group, representing the interests involved in this lease agreement.
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
180261.36%
Cash-on-Cash
-51519.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93