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22 East 125th Street

Harlem Bubble Tea Leases Retail Space At 22 East 125th Street In South Harlem For $133/ft
LEASEDRetail

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

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:

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.

Players

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 deals

Broker

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