Momma Zee’s Leases Space In Harlem's 2061 7th Ave From Landlord 157 West 123rd Street HDFC
2061 7th Ave, Manhattan, New York, NY, USA
Building Size
950 SF
Asset Type
Retail
Closing
Dec 17, 2018
About this deal
AI
Momma Zee's has leased a commercial space at 2061 7th Ave (157 W 123rd St) in Harlem. The space has a total area of 950 square feet, with a price per square foot of $77. The lease transaction took place on December 18, 2018. Both the landlord, 157 West 123rd Street HDFC - Ali Donges, and the tenant, Momma Zee's, were represented by Jason Horowitz of Triforce CRE LLC.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not applicable
- Date: 12/18/2018
- Address: 2061 7th Ave (157 W 123rd St), Harlem
- Tenant: Momma Zee's
- Landlord: 157 West 123rd Street HDFC - Ali Donges
- Broker: Jason Horowitz - Triforce CRE LLC
- Square Footage: 950
- Price per Square Foot: $77
It is noteworthy that TCRE LLC represented both the landlord and the tenant in this lease transaction.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93