Hope Community Leases Retail Space To Diaby African Hairbraiding At 432 Lenox Avenue
432 Malcolm X Boulevard
$65
$65/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Apr 7, 2026
About this deal
AI
The property is located at 432 Lenox Avenue in the Harlem market. It comprises a retail asset with a lease type classified as a Single Net Lease. The asking rent for this retail space is set at $65 per square foot, covering a total space of 1,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $65/ft
- Square Footage: 1,000
- Address: 432 Lenox Avenue
- Market: Harlem
- Landlord: Hope Community
- Tenant: Diaby African Hairbraiding
- Brokers: James Famularo, Cole Kleppinger - Meridian Capital Group & Will Sine - Meridian Retail Leasing
The deal involved multiple brokers, including James Famularo, Cole Kleppinger from Meridian Capital Group, and Will Sine from Meridian Retail Leasing, representing the parties in this lease transaction. Their roles were essential in facilitating the agreement between the landlord and the tenant.
On the Map
$65
$65/SF
Retail
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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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93