Thomas Murray Leases 600 SF Retail Space To Essex Gourmet At 99 West 127th Street
99 West 127th Street
$80
$80/SF
Building Size
600 SF
Asset Type
Retail
Closing
Sep 8, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 99 West 127th Street in Harlem, Manhattan. The property has a total square footage of 600 and was leased at an asking rent of $80 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $48,000
- Landlord: Thomas Murray
- Tenant: Essex Gourmet
- Brokers: Noam Aziz & Daniel Zacaim - Meridian Capital Group
- Lease Type: Retail Lease
The deal includes representation by brokers Noam Aziz and Daniel Zacaim from Meridian Capital Group, who facilitated the transaction between the landlord and tenant, ensuring successful lease negotiations for this retail space.
On the Map
$80
$80/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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93