M&W Communications Inc. Leases Retail Space In Harlem At 2395 Frederick Douglass Blvd
2395 Frederick Douglass Boulevard, New York, NY 10027
Building Size
1,000 SF
Asset Type
Retail
Closing
Apr 18, 2021
AI
An 1,000 square foot retail property located at 2395 Frederick Douglass Blvd in Harlem has been leased by M&W Communications Inc. The property is owned by JCAL Development Group, represented by Joshua Weissman. The deal was facilitated by brokers Andrew Roth of XRSomerset and Brent Legunn of assin_Sabbagh_Realty. The lease was secured at an asking rent of $65 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 2395 Frederick Douglass Blvd
- Market: Harlem
The leased property at 2395 Frederick Douglass Blvd in Harlem was secured by M&W Communications Inc. Joshua Weissman of JCAL Development Group represented the landlord in the deal. The tenant was represented by Andrew Roth of XRSomerset and Brent Legunn of assin_Sabbagh_Realty acted as the brokers for the transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93