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301 West 110th Street

Studio Pilates International Leases Retail Space At 301 West 110th Street In Harlem
LEASEDRetail

Studio Pilates International Leases Retail Space At 301 West 110th Street In Harlem

301 West 110th Street

$125

$125/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Jan 29, 2025

AI

The property asset involved in this transaction is a retail space located at 301 West 110th Street in the Harlem market. The lease was signed for a total area of 1200 square feet at a rent of $125 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: 150000
  • Address: 301 West 110th Street
  • Market: Harlem
  • Tenant: Studio Pilates International
  • Landlord: Towers On The Park Condominium

The deal involves key representatives including the tenant's broker, who played a role in facilitating the transaction, ensuring the agreement was successfully executed between Studio Pilates International and Towers On The Park Condominium.

Players

Eli Yadid

Kassin Sabbagh Realty

Broker

$16M

vol

38 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

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93