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2253 Adam Clayton Powell Ju...

Adam Amsalem Of Black Spruce Management Leases Retail Space To Business Consulting & Management In Harlem
LEASEDRetail

Adam Amsalem Of Black Spruce Management Leases Retail Space To Business Consulting & Management In Harlem

2253 Adam Clayton Powell Junior Boulevard

$137

$137/SF

Building Size

350 SF

Asset Type

Retail

Closing

Apr 21, 2025

AI

The property involved in this lease transaction is a retail space located at 2253 Adam Clayton Powell Junior Boulevard in the Harlem market of Manhattan. The asset measures 350 square feet with an asking rent of $137 per square foot, structured under a modified gross lease arrangement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $137/ft
  • Square Footage: 350
  • Address: 2253 Adam Clayton Powell Junior Boulevard
  • Market: Harlem, Manhattan
  • Landlord: Adam Amsalem - Black Spruce Management
  • Tenant: Business Consulting & Management
  • Landlord's Rep: James Famularo & Cole Kleppinger - Meridian Capital Group

The transaction features key representatives such as James Famularo and Cole Kleppinger from Meridian Capital Group, acting as the landlord's representatives for this lease agreement. Their involvement underscores the significant role brokers play in facilitating such property leases.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

360 deals

Broker
Black Spruce Management
Black Spruce ManagementLandlord

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

115788.32%

Cash-on-Cash

-33092.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93