Abou Hair Salon Leases Retail Space In Harlem, Manhattan With Meridian Capital Group As Brokers
264 West 124th Street
$60
$60/SF
Building Size
850 SF
Asset Type
Retail
Closing
Nov 17, 2023
AI
The retail property located at 264 West 124th Street in Harlem, Manhattan has been leased. The tenant, Abou Hair Salon, has signed a lease agreement with the landlord, Ben Ryu of Ryuco Management. The lease transaction was facilitated by James Famularo and Bobby Ortense of Meridian Capital Group.
Summary of transaction details
- Property Type: Retail
- Address: 264 West 124th Street
- Market: Harlem, Manhattan
- Landlord: Ben Ryu - Ryuco Management
- Tenant: Abou Hair Salon
- Brokers: James Famularo & Bobby Ortense - Meridian Capital Group
- Asking Rent: $60/ft
- SF: 850
The deal was completed on and represents a successful lease agreement for the retail space. Both the landlord and tenant were represented by their respective brokers, James Famularo and Bobby Ortense. The leased property offers a prime location in Harlem, Manhattan, providing an attractive opportunity for Abou Hair Salon to establish their business in a bustling market.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93