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

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LEASED

New York

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MultiFamily3,400 SF
Leased 11/15/2020
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LEASED

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

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

See Similar Deals
MultiFamily3,400 SF
Leased 11/15/2020
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Total Square Footage:3,400 SF
Transaction Type:Lease

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
82 deals$4.3M volume(212) 380-8369
BROKER

Gary Lowitt
Kassin Sabbagh Realty
3 deals
BROKER

Solomon Sharaby
Kassin Sabbagh Realty
98 deals$3M volume
BROKER

LANDLORD

TENANT

Details

LEASED
IMAGE: Solomon Sharaby, Albert Manopla & Gary Lowitt DATE: 11/15/2020 ADDRESS: 203 West 125th Street MARKET: South Harlem ASSET TYPE: Multifamily TENANT: @KFC LANDLORD: Jem Realty BROKERS: Solomon Sharaby, Albert Manopla & Gary Lowitt @Kassin_Sabbagh_Realty ASKING RENT: $150/ft. ~SF: 3,400

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Deal Type
Effective Rent (Annual)

$194,885.95

Total Lease Value

$1,948,859.48

Net Landlord Cash Flow$194,885.95