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121 Malcolm X Boulevard

McDonald's Leases Retail Space At 121 Malcolm X Boulevard From Mitchel Enterprises For $115/ft
LEASEDRetail

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

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

50 deals

Broker
MC
Mcdonald's CorporationTenant

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