McDonald's Leases Retail Space At 121 Malcolm X Boulevard From Mitchel Enterprises For $115/ft
121 Malcolm X Boulevard
$105
$105/SF
Building Size
3,001 SF
Asset Type
Retail
Closing
Feb 26, 2026
AI
The property asset involved in this transaction is a retail space located at 121 Malcolm X Boulevard in the Harlem market. The leased space measures 3,001 square feet with an asking rent of $115 per square foot. The lease is categorized as a modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $115/ft
- Square Footage: 3,001
- Address: 121 Malcolm X Boulevard
- Market: Harlem
- Landlord: Mitchel Enterprises
- Tenant: McDonald's
- Landlord's Representative: Aric Trakhtenberg - Newmark
- Tenant's Representative: Nick Masson - TSCG (The Shopping Center Group)
- Attorney: Wachtel Missry LLP, Michael P. Miata, Esq. & Eli D. Dweck Esq.
This transaction features key representatives involved in the lease agreement between the landlord and tenant. Aric Trakhtenberg represents Mitchel Enterprises while Nick Masson represents McDonald's in this deal. Additionally, legal counsel for this transaction is provided by Wachtel Missry LLP with attorneys Michael P. Miata and Eli D. Dweck overseeing the legal aspects.
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
151076.19%
Cash-on-Cash
-43178.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93