facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

135 East 125th Street

Olgam Life Signs 15-Year Lease For Retail Space In Harlem
LEASEDRetail

Olgam Life Signs 15-Year Lease For Retail Space In Harlem

135 East 125th Street

$50

$50/SF

Building Size

12,700 SF

Asset Type

Retail

Closing

Jan 10, 2023

AI

The retail property located at 135 East 125th Street in Harlem has been leased by tenant Olgam Life. The lease agreement, facilitated by broker Josh Augenbaum of Augenbaum Realty, was secured with a 15-year term. The property, owned by Thor Equities and represented by Joey Sitt, had an asking rent of $50 per square foot for a total of 12,700 square feet.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not applicable
  • Address: 135 East 125th Street
  • Market: Harlem
  • Tenant: Olgam Life
  • Brokers: Josh Augenbaum - Augenbaum Realty
  • Asking Rent: $50/ft
  • Square Footage: 12,700
  • Lease Term: 15 years
  • Landlord: Thor Equities - Joey Sitt

The deal was successfully mediated by Josh Augenbaum of Augenbaum Realty, who represented the tenant, Olgam Life. On the other side of the transaction, Thor Equities, led by Joey Sitt, acted as the landlord. With an asking rent of $50 per square foot, the 15-year lease agreement was finalized for the property at 135 East 125th Street in Harlem.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

148 deals

Broker
Joseph Sitt

Joseph Sitt

Thor Equities

Landlord

$1.1B

vol

38 deals

Landlord
OL
Olgam LifeTenant

Harlem 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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93