Kevin Nassimi Leases Retail Space To IYH Sustainable African Restaurant In Harlem For $93 Per Ft
192 Malcolm X Boulevard
$93
$93/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Dec 25, 2025
AI
The retail asset located at 192 Lenox Avenue in the Harlem market features a lease agreement with an asking rent of $93 per square foot for a space measuring 1,100 square feet. This property operates under a Single Net Lease agreement with a landlord identified as Kevin Nassimi.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $93/ft
- Square Footage: 1,100
- Address: 192 Lenox Avenue
- Market: Harlem
- Landlord: Kevin Nassimi
- Tenant: IYH Sustainable African Restaurant Lenox
- Landlord's Representative: Noam Aziz - Meridian Capital Group
- Tenant's Representative: Ravi Idnani - Newmark
- Lease Type: Single Net Lease
Noam Aziz of Meridian Capital Group represented the landlord, while Ravi Idnani from Newmark acted on behalf of the tenant, IYH Sustainable African Restaurant Lenox, in the lease transaction for this retail property.
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
170569.89%
Cash-on-Cash
-48749.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93