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411 Manhattan Avenue

Harlem Pilates 4 Leases Retail Space At 411 Manhattan Avenue In South Harlem For $50/ft
LEASEDRetail

Harlem Pilates 4 Leases Retail Space At 411 Manhattan Avenue In South Harlem For $50/ft

411 Manhattan Avenue

$50

$50/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Oct 13, 2025

AI

The property involved in this transaction is located at 411 Manhattan Avenue within the South Harlem market, specifically categorized as retail space. The asset encompasses 1,200 square feet and is leased under a Single Net Lease agreement with an asking rent of $50 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $60,000
  • Lease Type: Single Net Lease
  • Address: 411 Manhattan Avenue
  • Market: South Harlem
  • Tenant: Harlem Pilates 4
  • Broker Representatives: Noam Aziz & Ariel Ilian - Meridian Capital Group

Noam Aziz and Ariel Ilian, both affiliated with Meridian Capital Group, represent the leasing process for Harlem Pilates 4 in this deal, facilitating the agreement for the retail space at 411 Manhattan Avenue.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

238 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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93