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2304 Adam Clayton Powell Ju...

African Take Out Leases Retail Space At 2304 Adam Clayton Powell Jr Boulevard In Harlem
LEASEDRetail

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

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

Aryeh Vilinsky
Verified Badge

Aryeh Vilinsky

Tahari Realty

Broker

63 deals

Broker
Black Spruce Management
Black Spruce ManagementLandlord

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