Courtside Seafood Leases Retail Space At 342 Malcolm X Boulevard In Harlem For $120/ft
342 Malcolm X Boulevard
$120
$120/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Feb 23, 2025
AI
The retail asset located at 342 Malcolm X Boulevard in Harlem, Manhattan, has been leased. The lease is structured as a Modified Gross Lease with an asking rent of $120 per square foot. The total square footage for this retail space is 1,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Square Footage: 1,200
- Address: 342 Malcolm X Boulevard
- Market: Harlem, Manhattan
- Landlord: Jay Newhouse
- Tenant: Courtside Seafood
- Brokers: Noam Aziz, Dane Harlowe & Nathan Shabot - Meridian Capital Group
The transaction was facilitated by brokers Noam Aziz, Dane Harlowe, and Nathan Shabot from Meridian Capital Group, representing the landlord in this leasing agreement.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93