E Class Learning Center Daycare Signs Lease For Retail Space In Harlem
1400 5th Avenue
$55
$55/SF
Building Size
4,100 SF
Asset Type
Retail
Closing
Jan 16, 2023
AI
The retail property located at 1400 5th Avenue in Harlem has been leased. The property, measuring approximately 4,100 square feet, was leased by E Class Learning Center Daycare. The landlord of the property is Ashkenazy Acquisition Corporation. The deal was facilitated by Sholom Kanevsky and Brent Legunn of KSR.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
- Asking Rent: $55/ft
- Square Footage: 4,100
- Address: 1400 5th Avenue, Harlem
Sholom Kanevsky and Brent Legunn of KSR represented the tenant, E Class Learning Center Daycare, in this lease transaction.
Players
Harlem 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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93