109 Spicy Deli Leases Retail Space At 934 Amsterdam Avenue With Landlord Sam Weinberger
934 Amsterdam Avenue
$106
$106/SF
Building Size
900 SF
Asset Type
Retail
Closing
Apr 30, 2025
AI
The asset involved in this lease transaction is a retail property located at 934 Amsterdam Avenue in the Manhattan Valley market. The square footage of the property is 900 SF, and the asking rent is $106 per square foot. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $106/ft
- Address: 934 Amsterdam Avenue
- Market: Manhattan Valley
- Landlord: Sam Weinberger
- Tenant: 109 Spicy Deli
- Landlord's Representative: Noam Aziz & Carson Shahrabani - Meridian Capital Group
- Tenant's Representative: Ben Biberaj & Desi Avidane - Meridian Capital Group
This lease transaction was facilitated by representatives from Meridian Capital Group, with Noam Aziz and Carson Shahrabani representing the landlord, Sam Weinberger. On the tenant's side, Ben Biberaj and Desi Avidane acted on behalf of 109 Spicy Deli, ensuring that both parties reached an agreement on the lease terms.
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
149650.94%
Cash-on-Cash
-42770.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93