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1400 5th Avenue

E Class Learning Center Daycare Signs Lease For Retail Space In Harlem
LEASEDRetail

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

Sholom Kanevsky

Kassin Sabbagh Realty

Broker

11 deals

Broker

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