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5 East 111th Street

Agile Learning Center Leases Retail Space At 5 East 111th Street In Harlem For $58/ft
LEASEDRetail

Agile Learning Center Leases Retail Space At 5 East 111th Street In Harlem For $58/ft

5 East 111th Street

$58

$58/SF

Building Size

1,838 SF

Asset Type

Retail

Closing

Jul 23, 2025

AI

The property asset involved in this transaction is a retail space located at 5 East 111th Street in Harlem, Manhattan. This space has a total square footage of 1,838 and is part of a modified gross lease agreement with an asking rent of $58 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $58/ft
  • Square Footage: 1,838
  • Address: 5 East 111th Street
  • Market: Harlem, Manhattan
  • Landlord: Rodney Propp - Tahl Propp Equities
  • Tenant: Agile Learning Center
  • Landlord's Representative: Noam Aziz & Cory Rywalt - Meridian Capital Group
  • Tenant's Representative: Ravi Idnani - Newmark
  • Lease Type: Modified Gross Lease

This transaction involves key individuals and companies including Rodney Propp representing Tahl Propp Equities as the landlord, and Agile Learning Center as the tenant. Noam Aziz and Cory Rywalt from Meridian Capital Group represented the landlord, while Ravi Idnani from Newmark represented the tenant in this deal.

Players

Ravi Idnani

Newmark

Broker

$3M

vol

67 deals

Broker
Newmark
NewmarkBrokerage

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

273500.00%

Cash-on-Cash

-78167.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93