375 Chicken N' Fries Leases Retail Space On 12 East 125th Street, Harlem
12 East 125th Street
$100
$100/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jun 4, 2024
AI
The retail property located at 12 East 125th Street in Harlem, Manhattan, was leased to 375 Chicken N' Fries. The lease, facilitated by landlord Nina Demartini-Day of Finite Homes Housing Development Fund Company, had an asking rent of $100 per square foot for the 1,200 square feet space.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Nina Demartini-Day - Finite Homes Housing Development Fund Company
- Tenant: 375 Chicken N' Fries
- Landlord's Rep: Dane Harlowe & Alec Namdar - Meridian Capital Group
- Tenant's Rep: Ravi Idnani & Aric Trakhtenberg - Newmark
- Address: 12 East 125th Street
- Market: Harlem, Manhattan
- Lease Type: Retail Lease
The deal was successfully negotiated with the landlord represented by Dane Harlowe and Alec Namdar from Meridian Capital Group, while the tenant was represented by Ravi Idnani and Aric Trakhtenberg from Newmark. These brokers played a crucial role in bringing the lease agreement to fruition, showcasing their expertise in the commercial real estate market.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93