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:
- Property Type: Retail
- Transaction Amount: $140/ft
- Address: 362 West 125th Street
- Market: Harlem
- Tenant: Shah's Halal
- Broker Representatives: David Sabbagh, Eli Yadid & Ori Melloul - KSR
- Lease Type: Retail Lease
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
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