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2285 Adam Clayton Powell Ju...

Satiena Group Leases Retail Space At 2285 Adam Clayton Powell Junior Boulevard For $66/ft
LEASEDRetail

Satiena Group Leases Retail Space At 2285 Adam Clayton Powell Junior Boulevard For $66/ft

2285 Adam Clayton Powell Junior Boulevard

$66

$66/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Jul 24, 2026

AI

The asset involved in this transaction is a retail space located at 2285 Adam Clayton Powell Junior Boulevard in New York. The asking rent for the property is $66 per square foot, with a total square footage of 1,000. The lease type is classified as a retail lease.

Summary of transaction details:

The transaction involves key individuals from Meridian Capital Group and Meridian Retail Leasing, with Noam Aziz and Daniel Zacaim representing the landlord, RJ Block, and Jason Berisha representing the tenant, Satiena Group. Each broker played a significant role in facilitating the retail lease agreement.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

259 deals

Broker
RP
RJ Block PropertiesLandlord
SG
Satiena GroupTenant

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

240348.48%

Cash-on-Cash

-68692.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93