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Harlem Fitness Signs Lease For 22,402 SF Retail Space In Manhattan

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LEASED
$60

New York

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Retail22,402 SF
Leased 01/25/2024
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LEASED

Harlem Fitness Signs Lease For 22,402 SF Retail Space In Manhattan

362 West 125th Street

See Similar Deals
Retail22,402 SF
Leased 01/25/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:22,402 SF
Transaction Type:Lease

The property involved in this transaction is a retail space located at 362 West 125th Street in Harlem, Manhattan. The total square footage of the lease is 22,402. It includes 495 square feet on the ground floor, 10,100 square feet on the lower level, and 11,807 square feet on the second floor. The landlord for this property is Nortco, and the tenant is Harlem Fitness.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 362 West 125th Street, Harlem, Manhattan
  • Square Footage: 22,402
  • Market: Harlem, Manhattan
  • Landlord: Nortco
  • Tenant: Harlem Fitness

The brokers involved in this deal are Eli Yadid and Ori Melloul from KSR. They represent both the tenant and the landlord in this retail lease. If you have any inquiries about the remaining 3,800 square feet of ground floor retail space, please reach out to Eli Yadid and Ori Melloul. The asking rent for this space is $120 per square foot.

Players

Ori Melloul
21 deals
BROKER

Eli Yadid
Kassin Sabbagh Realty
38 deals$16M volume
BROKER

Details

LEASED
IMAGE: Ori Melloul & Eli Yadid DATE: 01/25/2024 ADDRESS: 362 West 125th Street MARKET: Harlem, Manhattan ASSET TYPE: Retail LANDLORD: Nortco 125 TENANT: Harlem Fitness BROKERS: Eli Yadid & Ori Melloul (@OriMelloul) - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $60/ft ~ SF: 22,402 LEASE TYPE: Retail Lease NOTE FROM BROKER: Tenant Has signed a lease for a total of 22,402 SF, with 495 SF on Ground, 10,100 SF on Lower Level, and 11,807 SF on 2nd Fl. Please reach out to Eli Yadid and Ori Melloul to inquire about the remaining 3,800 SF of remaining Ground Floor Retail space. Asking $120 PSF

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Deal Type
Effective Rent (Annual)

$1,540,882.95

Total Lease Value

$15,408,829.46

Net Landlord Cash Flow$1,540,882.95