C.W. Taekwondo Signs Lease For Retail Space At 243 West 124th Street Harlem
243 West 124th Street
$44
$44/SF
Building Size
4,850 SF
Asset Type
Retail
Closing
Apr 24, 2025
About this deal
AI
This retail asset located at 243 West 124th Street in Harlem, Manhattan features a modified gross lease. The total square footage of the property is 4,850, with an asking rent of $44 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $44/ft
- Address: 243 West 124th Street
- Market: Harlem, Manhattan
- Asset Type: Retail
- Landlord: Jackie Marcus
- Tenant: C.W. Taekwondo
- Brokers: Noam Aziz & Nathan Shabot - Meridian Capital Group
- Lease Type: Modified Gross Lease
- Square Footage: 4,850
The brokers representing the transaction, Noam Aziz and Nathan Shabot, are affiliated with Meridian Capital Group, which facilitated the leasing deal between Jackie Marcus, the landlord, and C.W. Taekwondo, the tenant.
On the Map
$44
$44/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
360522.73%
Cash-on-Cash
-103038.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93