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2612 Frederick Douglass Bou...

Events By Sheavonne Leases Retail Space On Frederick Douglass Boulevard With Landlord Austen Rabbie
LEASEDRetail

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

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:

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

Austen Rabbie

Living New York

Landlord

$14.6M

vol

5 deals

Landlord

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