Beyond Beauté Leases Retail Space At 301 E. 108th St. In East Harlem
301 E 108th St, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Apr 18, 2021
About this deal
AI
Located in East Harlem, the retail property at 301 E. 108th St. has recently been leased. Beyond Beauté, the tenant, has signed a lease agreement with Centennial Properties, the landlord. The lease transaction was facilitated by Dane Harlowe, Robert Mulholland, and James Famularo of Meridian Retail Leasing.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 04/19/2021
- Address: 301 E. 108th St., East Harlem
- Market: East Harlem
- Tenant: Beyond Beauté
- Landlord: Centennial Properties
- Brokers: Dane Harlowe, Robert Mulholland, and James Famularo - Meridian Retail Leasing
- Asking Rent: $75/ft. (~SF: 1,000)
The deal represents a successful transaction between Beyond Beauté and Centennial Properties. This lease agreement was facilitated by Dane Harlowe, Robert Mulholland, and James Famularo of Meridian Retail Leasing, who helped negotiate the terms of the lease on behalf of both the tenant and the landlord.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93