233 East 34th Street
This single net retail lease at 233 East 34th Street in Murray Hill is modestly priced at $137 per square foot for 2,500 square feet, which is generally in line with the submarket range evidenced by comparable transactions clustering between $100 and $200 per square foot. The lease structure is Single Net, meaning the landlord retains responsibility for most property expenses beyond base rent, which represents a less favorable landlord position compared to NNN leases and introduces additional operating cost exposure. The tenant, Barbells of Mashhad, Isafahan, & Bethlehem, PA, is an obscure operator with no documented NYC transaction history, raising material credit concerns around tenancy stability, covenant quality, and ability to sustain rent obligations in a competitive fitness retail market. The landlord, Faton Bauta, appears to be a private individual with limited publicly documented deal volume, suggesting modest institutional sophistication. The brokerage team from Meridian Capital Group is experienced and reputable, adding some process credibility, but the overall deal presents elevated tenant credit risk and limited collateral transparency that would make this a cautious consideration for any lender or underwriter.
Deal Stats
Parties
Seller / Landlord
Faton Bauta is identified as the landlord of the subject property at 233 East 34th Street in Murray Hill; limited public information is available on this individual, suggesting a smaller private landlord or individual investor rather than an institutional owner. Prior deal activity appears limited, which is consistent with a private owner-operator profile in this submarket.
Buyer / Tenant
Barbells of Mashhad, Isafahan, & Bethlehem, PA appears to be a fitness or gym-related retail operator with a multi-city presence spanning international origins (Mashhad and Isfahan, Iran) and a domestic Pennsylvania location; limited verifiable NYC deal history raises credit uncertainty for a new market entrant. As a relatively unknown operator without a documented NYC track record, creditworthiness and covenant strength should be carefully scrutinized during underwriting.
Score Analysis
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Resolve outstanding violations or liens
Active violations significantly depress the score; clearing them has high impact.
Provide sponsor financial statements
Documented liquidity and net worth reduce lender risk perception.
Submit a detailed business plan
A clear repositioning or hold strategy demonstrates deal viability.
Identify institutional co-lenders or equity partners
Reputable co-investors signal deal quality to underwriters.
Raw Deal Textclick to expand
Submit Growing Financial Partnerships For Over 30 Years. Get Started Deals New York Retail Lease 233 East 34th Street Barbells Of Mashhad Leases Retail Space At 233 East 34th Street For $137 Per Ft LEASED $137 2,500 SF Leased 3 weeks ago the deal players comps contact related Summary NEW YORK Asset Type: Price Per Square Foot: Total Square Footage: Transaction Type: This retail lease is located at 233 East 34th Street in the Murray Hill market. The asking rent for the property is set at $137 per square foot, with a total area of 2,500 square feet. The lease type is classified as a Single Net Lease. Summary of transaction details: Property Type: Retail Transaction Amount: $137/ft Square Footage: 2,500 Landlord: Faton Bauta Tenant: Barbells of Mashhad, Isafahan, & Bethlehem, PA Brokers: Noam Aziz, Carson Shahrabani & Max Freudenberger - Meridian Capital Group The deal features key individuals including landlord Faton Bauta, who is responsible for the property at 233 East 34th Street, and tenant Barbells of Mashhad, Isafahan, & Bethlehem, PA. The transaction was facilitated by brokers Noam Aziz, Carson Shahrabani, and Max Freudenberger associated with Meridian Capital Group. See More Players All Brokers Noam Aziz 219 deals (212) 468-5984 BROKER Carson Shahrabani 71 deals (212) 468-5927 Max Freudenberger 23 deals (212) 468-5951 Details Deal Summary IMAGE: Carson Shahrabani, Noam Aziz & Max Freudenberger DATE: 5/10/2026 ADDRESS: 233 East 34th Street MARKET: Murray Hill ASSET TYPE: Retail LANDLORD: Faton Bauta TENANT: Barbells of Mashhad, Isafahan, & Bethlehem, PA BROKERS: Noam Aziz (@NoamAziz), Carson Shahrabani (@Carson_Biz) & Max Freudenberger (@MaxLeasingNYC) - Meridian Capital Group (@Meridian_Retail_Leasing) ASKING RENT: $137/ft ~ SF: 2,500 LEASE TYPE: Single Net Lease Email New York | @tradedny Comps 10 These are similar deals based on proximity and similarity to the subject deal. 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NEW! Search No recent news available for this market No active listings available for this market Suggestions Analyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results. Deal Type SALE LOAN LEASE Property Size (sq ft) Rent per Square Foot (Annual) Lease Term (Years) Annual Escalation (%) Lease Type NNN (Triple Net) Free Rent Period (Months) Reset Effective Rent (Annual) $392,637.87 Total Lease Value $3,926,378.66 Net Landlord Cash Flow Is there something missing? Send suggestions We are telling CRE's story Traded is the #1 source for cutting edge CRE transactions & insights. 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