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
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