Studio Pilates International Leases Retail Space At 301 West 110th Street In Harlem
301 West 110th Street
Building Size
1,200 SF
Asset Type
Retail
Closing
Jan 29, 2025
About this deal
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.
On the Map
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93