Saint Louis Restaurant Leases 1,547 SF Retail Space In Central Harlem
381 Malcolm X Boulevard
$109
$109/SF
Building Size
1,547 SF
Asset Type
Retail
Closing
Nov 10, 2023
About this deal
AI
The retail space located at 381 Lenox Avenue (Space A & B) in Central Harlem has been leased by Saint Louis Restaurant. The property is owned by Richard Squires of Lenox Capital Partners. The lease deal was facilitated by broker Dane Harlowe of Meridian Capital Group. The asking rent for the space was $109 per square foot, with a total area of 1,547 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 381 Lenox Avenue (Space A & B)
- Market: Central Harlem
- Landlord: Richard Squires - Lenox Capital Partners
- Tenant: Saint Louis Restaurant
- Broker: Dane Harlowe - Meridian Capital Group
- Asking Rent: $109/ft
- Square Footage: 1,547
The lease agreement was brokered by Dane Harlowe of Meridian Capital Group, representing the tenant, Saint Louis Restaurant. This transaction highlights the successful collaboration between Lenox Capital Partners, the landlord, and Saint Louis Restaurant, the new tenant.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Dane Harlowe to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
145532.11%
Cash-on-Cash
-41593.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93