African Take Out Leases Retail Space At 2304 Adam Clayton Powell Jr Boulevard In Harlem
2304 Adam Clayton Powell Junior Boulevard
$100
$100/SF
Building Size
400 SF
Asset Type
Retail
Closing
May 1, 2025
About this deal
AI
The retail asset located at 2304 Adam Clayton Powell Junior Boulevard in Harlem, Manhattan, features a modified gross lease with an asking rent of $100 per square foot. The total size of the leased space is 400 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Square Footage: 400
- Landlord: Adam Amsalem - Black Spruce Management
- Tenant: African Take Out
- Broker: Aryeh Vilinsky - BH Realty
- Lease Type: Modified Gross Lease
- Market: Harlem, Manhattan
- Lease Date: 5/2/2025
The key individuals involved in this transaction include Adam Amsalem representing Black Spruce Management as the landlord and Aryeh Vilinsky from BH Realty acting as the broker for the deal, facilitating the agreement with the tenant, African Take Out.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93