Best Deal Variety Store Signs Lease For Retail Space In Harlem
231 West 125th Street, New York, NY, USA
Building Size
5,000 SF
Asset Type
Retail
Closing
Jul 9, 2020
About this deal
AI
Best Deal Variety Store has leased a retail space at 219-231 West 125th Street in Harlem. The property offers approximately 5,000 square feet of space. The lease transaction was facilitated by Josh Augenbaum of Augenbaum Realty Corp., Greg Slotnick, and Michael Grabel of Oxford Property Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 219-231 West 125th Street, Harlem
- Market: Harlem
Eddie Mizrachi and Soly A. Bawabeh are the landlords of the leased property. The lease agreement was completed on 07/09/2021. The asking rent for the space was $125 per square foot.
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