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203 West 125th Street, New ...

KFC Leases Space In South Harlem Multifamily Building At 203 West 125th Street
LEASEDMultiFamily

KFC Leases Space In South Harlem Multifamily Building At 203 West 125th Street

203 West 125th Street, New York, NY, USA

Building Size

3,400 SF

Asset Type

MultiFamily

Closing

Nov 14, 2020

AI

203 West 125th Street, located in South Harlem, has recently been leased in a transaction involving a multifamily property. The lease was signed on November 15, 2020, between Jem Realty, the landlord, and KFC, the tenant. The deal was facilitated by brokers Solomon Sharaby, Albert Manopla, and Gary Lowitt from Kassin Sabbagh Realty.

Summary of transaction details:

  • Property Type: Multifamily
  • Market: South Harlem
  • Address: 203 West 125th Street
  • Tenant: KFC
  • Landlord: Jem Realty
  • Brokers: Solomon Sharaby, Albert Manopla, and Gary Lowitt from Kassin Sabbagh Realty
  • Asking Rent: $150/ft.
  • Square Footage: 3,400

This leasing transaction demonstrates the strong demand for commercial space in South Harlem. KFC, a prominent fast-food chain, has chosen this location for its business expansion. The involvement of experienced brokers Solomon Sharaby, Albert Manopla, and Gary Lowitt highlights the robust network and expertise offered by Kassin Sabbagh Realty.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker
JR
Jem RealtyLandlord
K
KFCTenant

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · 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