Real Cinema Unlimited Signs Retail Lease At 2082 Frederick Douglass Boulevard In South Harlem
2082 Frederick Douglass Boulevard
$96
$96/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jul 11, 2024
About this deal
AI
The retail property located at 2082 Frederick Douglass Boulevard in South Harlem, Manhattan, features a lease with an asking rent of $96 per square foot for a total area of 1,000 square feet. The asset is positioned in a dynamic market recognized for its potential growth and commercial activity.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $96/ft
- Square Footage: 1,000 SF
- Landlord: Steven Kashanian - Klosed Properties
- Tenant: Real Cinema Unlimited
- Landlord's Representative: Brent Legunn - KSR
- Tenant's Representative: Noam Aziz - Meridian Capital Group
The transaction involved key representatives, with Brent Legunn of KSR acting on behalf of the landlord, Steven Kashanian, while Noam Aziz of Meridian Capital Group represented the tenant, Real Cinema Unlimited, ensuring both parties were effectively represented in the lease agreement.
On the Map
$96
$96/SF
Retail
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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
165239.58%
Cash-on-Cash
-47225.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93