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2590 Frederick Douglass Blv...

Jolieden's Beauty Bar Leases Retail Space In Harlem For $50/ft
LEASEDOther

Jolieden's Beauty Bar Leases Retail Space In Harlem For $50/ft

2590 Frederick Douglass Blvd, New York, NY 10030, USA

Building Size

1,500 SF

Asset Type

Other

Closing

Dec 7, 2020

AI

A lease transaction was recently closed in Harlem, specifically at 2590 Frederick Douglass Boulevard. The retail space, spanning 1,500 square feet, was leased by Jolieden's Beauty Bar. The property is owned by Harold Kaufman.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Asking Rent: $50 per square foot
  • Date: 12/08/2020
  • Market: Harlem

Jolieden's Beauty Bar secured the lease through the representation of brokers James Famularo, Dane Harlowe, and Jack Mosseri from Meridian Capital Group.

Players

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 deals

Broker

Harold Kaufman

Landlord

$6.2M

vol

2 deals

Landlord
JB
Jolieden’s Beauty BarTenant

New York Other Market Snapshot

Boundary boundary · Other · Lease transactions

Loading comparables…

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