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432 Malcolm X Boulevard

Hope Community Leases Retail Space To Diaby African Hairbraiding At 432 Lenox Avenue
LEASEDRetail

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

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:

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93