Harlem Bubble Tea Leases Retail Space At 22 East 125th Street In South Harlem For $133/ft
22 East 125th Street
$133
$133/SF
Building Size
900 SF
Asset Type
Retail
Closing
Dec 17, 2024
About this deal
AI
The retail space located at 22 East 125th Street in the South Harlem market has a total square footage of 900. The asking rent for this property is set at $133 per square foot, and it operates under a modified gross lease format.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $119,700
- Address: 22 East 125th Street
- Landlord: Nina Demartini-Day
- Tenant: Harlem Bubble Tea
- Brokers: Dane Harlowe, Alec Namdar & Noam Aziz - Meridian Capital Group
- Lease Type: Modified Gross Lease
The lease transaction was facilitated by the brokerage team of Dane Harlowe, Alec Namdar, and Noam Aziz, who represent Meridian Capital Group. Their involvement has been crucial in bringing together the landlord and tenant for this retail space lease in South Harlem.
On the Map
$133
$133/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
119270.68%
Cash-on-Cash
-34087.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93