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62 East 34th Street

Pio Bagels Signs New 10 Year Retail Lease At 62 East 34th Street For $120/ft
LEASEDRetail

Pio Bagels Signs New 10 Year Retail Lease At 62 East 34th Street For $120/ft

62 East 34th Street

$120

$120/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Jun 2, 2026

AI

A retail lease has been secured at 62 East 34th Street, located in the Midtown East market. The property, covering a square footage of 1,500, commands an asking rent of $120 per foot. The landlord for this transaction is Jemstone Group.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $120/ft
  • Square Footage: 1,500
  • Address: 62 East 34th Street
  • Market: Midtown East
  • Landlord: Jemstone Group
  • Tenant: Pio Bagels
  • Brokers: Michael Turovskiy & Jordan Raphan - KSR
  • Lease Type: Retail Lease
  • Lease Term: 10 Years

This transaction represents the collaboration of brokers Michael Turovskiy and Jordan Raphan from KSR, who successfully facilitated the lease agreement for tenant Pio Bagels, marking a significant addition to the retail landscape of Midtown East.

Players

Jordan Raphan

Kassin Sabbagh Realty

Broker

40 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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93