facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

2234 Adam Clayton Powell Ju...

Fay's Shawarma Signs Lease At 2234 Adam Clayton Powell Junior Boulevard In Central Harlem
LEASEDRetail

Fay's Shawarma Signs Lease At 2234 Adam Clayton Powell Junior Boulevard In Central Harlem

2234 Adam Clayton Powell Junior Boulevard

$66

$66/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Sep 25, 2024

AI

The property asset involved in the transaction is a retail space located at 2234 Adam Clayton Powell Junior Boulevard in Central Harlem. The space consists of approximately 1,100 square feet and is leased under a Modified Gross Lease agreement. The asking rent for this property was $66 per square foot.

Summary of transaction details:

The deal was facilitated with representation from Aryeh Vilinsky representing the landlord and Justin Kamali representing the tenant, showcasing the collaboration between the involved parties to finalize the lease agreement.

Players

Aryeh Vilinsky
Verified Badge

Aryeh Vilinsky

Tahari Realty

Broker

63 deals

Broker

Justin Kamali

J3K Real Estate

Broker

$2.3M

vol

15 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

240348.48%

Cash-on-Cash

-68692.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93