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26 East 125th Street

USA Vein Signs 10-Year Lease At 26 East 125th Street In South Harlem With Landlords Fruchthandler
LEASEDRetail

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

Denis Abayev

Commercial Acquisitions

Broker

$33.9M

vol

22 deals

Broker

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