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
About this deal
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
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