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
About this deal
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.
On the Map
$108
$108/SF
Mixed-use
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Players
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