USA Vein Signs 10-Year Lease At 26 East 125th Street In South Harlem With Landlords Fruchthandler
26 East 125th Street
$70
$70/SF
Building Size
2,850 SF
Asset Type
Retail
Closing
Dec 12, 2024
AI
The property involved in this transaction is a retail space located at 26 East 125th Street in the South Harlem market. The lease is set for a duration of 10 years under a modified gross lease arrangement. The asking rent for the space is $70 per square foot, encompassing a total area of 2,850 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $199,500
- Address: 26 East 125th Street
- Market: South Harlem
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Ephraim Fruchthandler, Yehoshua Leib Fruchthandler & Yitzi Fruchthandler
- Tenant: USA Vein
- Landlord's Representative: Josh Augenbaum - Augenbaum Realty
- Tenant's Representative: Denis Abayev - Commercial Acquisitions
Key individuals in this transaction include the landlords Ephraim Fruchthandler, Yehoshua Leib Fruchthandler, and Yitzi Fruchthandler, who managed the leasing process. Tenant USA Vein is represented by Denis Abayev from Commercial Acquisitions, while the landlord is represented by Josh Augenbaum from Augenbaum Realty.
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93