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362 West 125th Street

Shah's Halal Leases Retail Space At 362 West 125th Street In Harlem For $140/ft
LEASEDRetail

Shah's Halal Leases Retail Space At 362 West 125th Street In Harlem For $140/ft

362 West 125th Street

$140

$140/SF

Building Size

1,250 SF

Asset Type

Retail

Closing

Jan 13, 2025

AI

The asset involved in this transaction is a retail space located at 362 West 125th Street in the Harlem market. The property has an asking rent of $140 per square foot, with a total area of 1,250 square feet. The lease type is a retail lease.

Summary of transaction details:

The deal was represented by brokers David Sabbagh, Eli Yadid, and Ori Melloul from KSR, who facilitated the transaction for the tenant, Shah's Halal. The team's involvement highlights their role in negotiating and closing this retail lease agreement.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

61 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

113307.14%

Cash-on-Cash

-32383.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93