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
About this deal
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.
On the Map
$50
$50/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Noam Aziz 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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93