ACA Acupuncture & Wellness Leases Retail Space In Harlem At 457 W. 125th Street, NYC
457 West 125th Street, New York City, New York 10027, United States
Building Size
500 SF
Asset Type
Retail
Closing
May 22, 2022
AI
The retail property located at 457 W. 125th Street in Harlem has been leased. The tenant, ACA Acupuncture & Wellness, has secured a lease for the space. The lease transaction was facilitated by brokers Rob Mulholland and Dane Harlowe from Meridian Retail Leasing, along with Jenna Heidenberg from SCG. The asking rent was $120 per square foot for approximately 500 square feet of space.
Summary of transaction details
- Property Type: Retail
- Date: 05/23/2022
- Address: 457 W. 125th Street, Harlem
- Tenant: ACA Acupuncture & Wellness
- Brokers: Rob Mulholland and Dane Harlowe from Meridian Retail Leasing, Jenna Heidenberg from SCG
- Asking Rent: $120/ft.
- Square Footage: 500
The lease agreement for the retail space at 457 W. 125th Street in Harlem was successfully negotiated by brokers Rob Mulholland and Dane Harlowe from Meridian Retail Leasing, along with Jenna Heidenberg from SCG. ACA Acupuncture & Wellness will now occupy the space, which offers approximately 500 square feet of retail area at an asking rent of $120 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93