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
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