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934 Amsterdam Avenue

109 Spicy Deli Leases Retail Space At 934 Amsterdam Avenue With Landlord Sam Weinberger
LEASEDRetail

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

194 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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