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:
- Property Type: Retail
- Transaction Amount: $66/ft
- Lease Type: Modified Gross Lease
- Address: 2304 Adam Clayton Powell Junior Boulevard
- Market: Harlem
- Landlord: Adam Amsalem
- Tenant: Raj Eyebrow Spa
- Landlord's Representative: James Famularo & Cole Kleppinger - Meridian Capital Group
- Tenant's Representative: Noam Aziz & Nathan Shabot - Meridian Capital Group
- Square Footage: 500
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
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