Timber Equities Leases Mixed-use Space To Frederick Community Pharmacy On Frederick Douglass Boulevard
2460 Frederick Douglass Boulevard
$90
$90/SF
Building Size
1,700 SF
Asset Type
Mixed-use
Closing
Feb 5, 2026
About this deal
AI
The property asset involved in the transaction is a mixed-use space located at 2460 Frederick Douglass Boulevard in Harlem. The asking rent for this 1,700 square foot property is $90 per square foot, and the lease term is set for 15 years under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $90/ft
- Square Footage: 1,700
- Lease Term: 15 Years
- Lease Type: Modified Gross Lease
- Landlord: Timber Equities
- Tenant: Frederick Community Pharmacy
- Broker: Aryeh Vilinsky - Tahari Realty
Key individuals involved in the transaction include Aryeh Vilinsky, representing Tahari Realty as the broker for the deal. The landlord, Timber Equities, and the tenant, Frederick Community Pharmacy, are essential parties in this transaction, highlighting the collaborative nature of the lease agreement.
On the Map
$90
$90/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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93