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
About this deal
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.
On the Map
$120
$120/SF
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93