Charlie's Pan Fried Chicken Leases Mixed-Use Space In Harlem's 340 W. 145th St. From L&M Development With Albert Halawani And Kassin Sabbagh Realty As Brokers
340 W 145th St, Manhattan, New York, NY, USA
Building Size
1,450 SF
Asset Type
Mixed-use
Closing
Feb 7, 2021
About this deal
AI
The mixed-use property located at 340 W. 145th St. in Harlem has recently been leased. The transaction took place on 02/08/2021. Charlies Pan Fried Chicken is the tenant of this property, while L&M Development serves as the landlord. The leasing deal was facilitated by Albert Halawani and Kassin Sabbagh Realty. The asking rent for this property was $148 per square foot for a total of 1,450 square feet.
Summary of transaction details:
- Property Type: Mixed use
- Transaction Amount: Leased
- Address: 340 W. 145th St., Harlem
- Tenant: Charlies Pan Fried Chicken
- Landlord: L&M Development
- Broker: Albert Halawani - Kassin Sabbagh Realty
- Asking Rent: $148/ft.
- Square Footage: 1,450 sq. ft.
Albert Halawani, representing Kassin Sabbagh Realty, played a crucial role in facilitating the leasing deal for the mixed-use property at 340 W. 145th St. in Harlem.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93