Events By Sheavonne Leases Retail Space On Frederick Douglass Boulevard With Landlord Austen Rabbie
2612 Frederick Douglass Boulevard
$85
$85/SF
Building Size
433 SF
Asset Type
Retail
Closing
Sep 29, 2025
About this deal
AI
This retail asset is located at 2612 Frederick Douglass Boulevard in Harlem, Manhattan, with a lease type of Single Net Lease. The total square footage amounts to 433 square feet, with an asking rent of $85 per foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $36,755
- Landlord: Austen Rabbie - Living New York
- Tenant: Events by Sheavonne
- Brokers: James Famularo, Bobby Ortense & Marcelo Demoraes - Meridian Capital Group
The transaction involved Austen Rabbie representing the landlord through Living New York, while the tenant, Events by Sheavonne, was facilitated by the brokerage team from Meridian Capital Group, which includes brokers James Famularo, Bobby Ortense, and Marcelo Demoraes.
On the Map
$85
$85/SF
Retail
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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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93