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2750 Frederick Douglass Bou...

Saunders Real Estate Advisors Represents Tenant In Lease Deal For Central Harlem Retail Space
LEASEDRetail

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

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.

Players

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93