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362 West 125th Street

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

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

362 West 125th Street

$60

$60/SF

Building Size

22,402 SF

Asset Type

Retail

Closing

Jan 25, 2024

AI

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

Kassin Sabbagh Realty

Broker

22 deals

Broker

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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93