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12 East 125th Street

375 Chicken N' Fries Leases Retail Space On 12 East 125th Street, Harlem
LEASEDRetail

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:

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

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

51 deals

Broker

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