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2304 Adam Clayton Powell Ju...

Updated Sep 23, 2026

Raj Eyebrow Spa Leases Retail Space From Landlord Adam Amsalem In Harlem For $66 Per Foot
LEASEDRetail

Raj Eyebrow Spa Leases Retail Space From Landlord Adam Amsalem In Harlem For $66 Per Foot

2304 Adam Clayton Powell Junior Boulevard

$66

$66/SF

Building Size

500 SF

Asset Type

Retail

Closing

Aug 25, 2025

About this deal

AI

The property involved in this lease transaction is a retail asset located at 2304 Adam Clayton Powell Junior Boulevard in Harlem. The lease type is a Modified Gross Lease, with an asking rent of $66 per square foot for a total area of 500 square feet.

Summary of transaction details:

The key individuals involved in this transaction include Adam Amsalem as the landlord, alongside the tenant Raj Eyebrow Spa. The landlord's representatives, James Famularo and Cole Kleppinger from Meridian Capital Group, facilitated the arrangement, while the tenant was represented by Noam Aziz and Nathan Shabot, also from Meridian Capital Group.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

385 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

Adam Amsalem

Landlord

14 deals

Landlord
Bilt advertisement

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $66 per square foot on a published $66 for 500 square feet (2025).

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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

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