Gigis Doughnuts Signs Retail Lease At 1 East 118th Street In East Harlem With Alec Namdar & Dane Harlowe Of Meridian Capital Group
1 East 118th Street
$102
$102/SF
Building Size
650 SF
Asset Type
Retail
Closing
Jan 22, 2024
About this deal
AI
An East Harlem retail property located at 1 East 118th Street has recently been leased by Gigis Doughnuts. The lease was facilitated by brokers Alec Namdar and Dane Harlowe from Meridian Capital Group. The retail space spans 650 square feet and the asking rent was $102 per square foot.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $102 per square foot
- Square Footage: 650
- Address: 1 East 118th Street
- Market: East Harlem
The landlord of the property is Hope Inc, represented by Walter M. Robers. Alec Namdar and Dane Harlowe from Meridian Capital Group served as the brokers in this retail lease transaction.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
155519.61%
Cash-on-Cash
-44447.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93