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256 W 125th St 243 W 124th St 15,000 SF of Flex Space Available in New York, NY 10027
Highlights
- Prime location in Harlem.
- Across the street from the, world famous, Apollo Theater.
- One block from the 125th Street Station.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| Lower Level | 15,000 SF | 10’ - 11’ | Negotiable | $39.99 CAD/SF/YR $3.33 CAD/SF/MO $599,839 CAD/YR $49,987 CAD/MO | Modified Gross |
Lower Level
- Elevator and stairway access via both 125th and 124th Streets - Ideal space for industrial / self storage / warehouse / e-commerce fulfillment / distribution / records or equipment storage uses - Passenger elevator/staircase entrance on 125th Street - Large freight elevator, loading dock and conveyor belt along 124th Street - Centrally located two blocks from 125th Street’s A/B/C/D and 2/3 subway stations - Join co-tenants Spectrum, Movement Climbing | Yoga | Fitness gym, West Side Tai Kwon Do - Area National tenants include NY Sports Club, TD Bank, Verizon, Mattress Firm, White Castle, Taco Bell, Capital One, Party City, Joyce Leslie, Planet Fitness, GNC, Bank of America, KFC, T-Mobile, FedEx, Citibank, Chick-fil-A, M.A.C., GAP, Rainbow, Foot Locker, Boost Mobile, H&M
- Listed rate may not include certain utilities, building services and property expenses
- Finished Ceilings: 10’ - 11’
- Located in-line with other retail
- Elevator & staircase access from 125th & 124th Sts
- Block-through space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 15,000 SF | Gross Leasable Area | 45,000 SF |
| Property Type | Retail | Year Built/Renovated | 1910/1997 |
| Property Subtype | Storefront |
| Total Space Available | 15,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 45,000 SF |
| Year Built/Renovated | 1910/1997 |
About the Property
The property is located in a prime area in Harlem at W 125th St (Dr Martin Luther King Jr Blvd). It is just across the street from the renown Theater and A little over a block from the 125th Street Station. Not far from Central Park, Marcus Garvey Park, and Morningside Park.
Nearby Major Retailers
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256 W 125th St | 243 W 124th St
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