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Mixed Use

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2123 Frederick Douglass Bou...

Adam Amsalem Leases Mixed-Use Space To Universal Threading And Waxing In West Harlem For $108/ft
LEASEDMixed-use

Adam Amsalem Leases Mixed-Use Space To Universal Threading And Waxing In West Harlem For $108/ft

2123 Frederick Douglass Boulevard

$108

$108/SF

Building Size

500 SF

Asset Type

Mixed-use

Closing

Jun 2, 2026

AI

The property asset involved in this lease transaction is a mixed-use building located at 2123 Frederick Douglass Boulevard, situated in the West Harlem market. The asking rent for this asset is set at $108 per square foot, with a total area of 500 square feet. The lease agreement has been established for a term of 10 years, classified as a modified gross lease.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $54,000
  • Address: 2123 Frederick Douglass Boulevard
  • Market: West Harlem
  • Asking Rent: $108/ft
  • Square Footage: 500
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Landlord: Adam Amsalem
  • Tenant: Universal Threading and Waxing
  • Brokers: Aryeh Vilinsky & Abraham Cohen - Tahari Realty

The key individuals involved in this transaction include Adam Amsalem, serving as the landlord, and Universal Threading and Waxing, the tenant leasing the space. The transaction was facilitated by brokers Aryeh Vilinsky and Abraham Cohen, who represent Tahari Realty in this deal.

Players

Aryeh Vilinsky
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Aryeh Vilinsky

Tahari Realty

Broker

63 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

146879.63%

Cash-on-Cash

-41978.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93