Rodney Propp Leases Retail Space To Nab Beauty At 1330 5th Avenue In South Harlem
1330 5th Avenue
$75
$75/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Mar 31, 2025
AI
The property asset involved in this transaction is a retail space located at 1330 5th Avenue in the South Harlem market. The lease type is a Modified Gross Lease with an asking rent of $75 per square foot for a total area of 2,500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $187,500
- Address: 1330 5th Avenue
- Market: South Harlem
- Landlord: Rodney Propp
- Tenant: Nab Beauty
- Landlord's Representative: Andrew Stern & Ravi Idnani - Newmark
- Tenant's Representative: Elizabeth Martin - E.L. Martin Partners
The key individuals involved in this deal include landlord Rodney Propp and tenant Nab Beauty, with representation provided by Andrew Stern and Ravi Idnani from Newmark for the landlord, while Elizabeth Martin from E.L. Martin Partners represents the tenant in this transaction.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93