LEASEDRetail
Jay Newhouse Leases Retail Space To Volta Discount At 547 Malcolm X Boulevard For $110/ft
547 Malcolm X Boulevard
$110
$110/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Jul 6, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 547 Malcolm X Boulevard in New York, featuring a lease type classified as a Single Net Lease. The asking rent for the property is $110 per square foot with a total area of 1,500 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $110/ft
- Address: 547 Malcolm X Boulevard
- Market: New York
- Asset Type: Retail
- Landlord: Jay Newhouse
- Tenant: Volta Discount
- Landlord's Representative: Noam Aziz - Meridian Capital Group, Jason Berisha & Will Sine - Meridian Retail Leasing
- Lease Type: Single Net Lease
- Square Footage: 1,500
The key individuals involved in this transaction include Jay Newhouse as the landlord and Volta Discount as the tenant. The landlord's representatives handling the transaction are Noam Aziz from Meridian Capital Group along with Jason Berisha and Will Sine, both from Meridian Retail Leasing, ensuring the proper management and facilitation of the lease agreement.
On the Map
$110
$110/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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93