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406 Malcolm X Boulevard

Pizza Express Leases Retail Space At 406 Malcolm X Boulevard With Hope Community As Landlord
LEASEDRetail

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:

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

372 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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93