Pio Bagels Signs New 10 Year Retail Lease At 62 East 34th Street For $120/ft
62 East 34th Street
Building Size
1,500 SF
Asset Type
Retail
Closing
Jun 2, 2026
About this deal
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.
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Retail
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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