Jackie Marcus Leases Retail Space To Harlem Bluebirds At 243 West 124th Street
243 West 124th Street
$36
$36/SF
Building Size
5,350 SF
Asset Type
Retail
Closing
Nov 13, 2025
AI
The property asset involved in this transaction is a retail space located at 243 West 124th Street in Harlem, Manhattan. The lease type is a Single Net Lease with an asking rent of $36 per square foot, covering a total area of 5,350 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $36/ft
- Address: 243 West 124th Street
- Market: Harlem, Manhattan
- Landlord: Jackie Marcus
- Tenant: Harlem Bluebirds
- Landlord's Representative: Noam Aziz & Nathan Shabot - Meridian Capital Group
- Tenant's Representative: James Famularo & Cole Kleppinger - Meridian Capital Group
The key individuals involved in this lease transaction include landlord Jackie Marcus and tenant Harlem Bluebirds, both represented by brokers from Meridian Capital Group, specifically Noam Aziz and Nathan Shabot for the landlord, while James Famularo and Cole Kleppinger represent the tenant.
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
440638.89%
Cash-on-Cash
-125935.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93