Tenant inks 99-year ground lease for Bargain World spot

Tenant inks 99-year ground lease for Bargain World spot

An out-of-town retail operator has inked a 99-year triple-net ground lease for the Rosen family’s Bargain World spot on Harlem’s West 125th Street.

Skyline Properties’ Robert Khodadadian was the broker on the 4-14 West 125th Street deal, and told the New York Observer that the roughly 30,000-square-foot building will be delivered vacant. The taking rent for the entire property is $25 per square foot, or $60 per square foot calculating the most valuable 8,935-square-foot chunk of ground-floor retail space, according to the New York Observer.

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