Saunders Real Estate Advisors Represents Tenant In Lease Deal For Central Harlem Retail Space
2750 Frederick Douglass Boulevard
$65
$65/SF
Building Size
772 SF
Asset Type
Retail
Closing
Sep 19, 2022
About this deal
AI
Located at 2750 Frederick Douglass Blvd. (Space B) in Central Harlem, this retail property has been leased. The tenant, represented by Saunders Real Estate Advisors, will occupy a space measuring 772 square feet. The leasing transaction was facilitated by Robert Mulholland & Dane Harlowe of Meridian Retail Leasing, who represented the landlord. The asking rent for the space was set at $65 per square foot.
Summary of transaction details
- Property Type: Retail
- Tenant's Representative: Saunders Real Estate Advisors
- Landlord's Representatives: Robert Mulholland & Dane Harlowe - Meridian Retail Leasing
- Asking Rent: $65/ft.
- Square Footage: 772
With the assistance of Saunders Real Estate Advisors, the tenant successfully negotiated a lease agreement for the retail space at 2750 Frederick Douglass Blvd. (Space B) in Central Harlem. The landlord, represented by Robert Mulholland & Dane Harlowe of Meridian Retail Leasing, agreed to the terms of the lease. This transaction demonstrates the expertise of the involved parties in securing a suitable tenant for the retail property.
On the Map
$65
$65/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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93