Jolieden's Beauty Bar Leases Space At 2590 Frederick Douglas Blvd In Harlem
2590 Frederick Douglass Boulevard
Building Size
1,500 SF
Asset Type
Other
Closing
Dec 8, 2020
About this deal
AI
Located at 2590 Frederick Douglas Blvd in Harlem, this property has recently been leased. The space spans 1,500 square feet and was listed with an asking rent of $60 per square foot. The transaction took place on August 12, 2020.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable (as it is a lease)
- Tenant: Jolieden's Beauty Bar
Jolieden's Beauty Bar is the new tenant of the leased space. The deal was facilitated by James Famularo, Dane Harlowe, and Jack Mosseri of Meridian Capital Group.
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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