Harlem Harbor Leases Retail Space At 6 East 125th Street In New York
6 East 125th Street
$80
$80/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Apr 3, 2023
About this deal
AI
The retail property located at 6 East 125th Street in New York has been leased. The transaction was completed on 04/03/2023.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $80/ft
- Square Footage: 1,400
- Address: 6 East 125th Street, New York
- Market: New York
The landlord for this lease is Nina Demartini Day. The tenant is Harlem Harbor. The deal was facilitated by Dane Harlowe and Alec Namdar of Meridian Capital Group, representing both the landlord and the tenant.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93