Pizza Express Leases Retail Space At 406 Malcolm X Boulevard With Hope Community As Landlord
406 Malcolm X Boulevard
$90
$90/SF
Building Size
600 SF
Asset Type
Retail
Closing
Jul 14, 2026
AI
The property involved in this transaction is a retail asset located at 406 Malcolm X Boulevard in New York. The asking rent for this space is $90 per square foot, encompassing a total area of 600 square feet. This space is under a Single Net Lease structure.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $90/ft
- Square Footage: 600 SF
- Lease Type: Single Net Lease
- Landlord: Hope Community
- Tenant: Pizza Express
- Landlord's Representatives: James Famularo, Cole Kleppinger - Meridian Capital Group & Will Sine - Meridian Retail Leasing
- Tenant's Representative: Jason Berisha - Meridian Retail Leasing
The key players in this transaction include the representatives of both the landlord and tenant. James Famularo, Cole Kleppinger, and Will Sine represented Hope Community through Meridian Capital Group and Meridian Retail Leasing. Jason Berisha represented Pizza Express, also through Meridian Retail Leasing.
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93