TENANT INKS 99-YEAR GROUND LEASE FOR BARGAIN WORLD SPOT
New owner to convert Harlem building’s ground floor into one large retail Space
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 125 th Street.
Skyline Properties’ Robert Khodadadian was the
broker on the 4-14 West 125 th 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.
The Bargain World store, which occupied the entire space using the address 8 West 125 th Street for 40
years, was in the Rosen family for three generations and the site of an electrical blaze in 1980. The new
owner, who Khodadadian declined to name, plans to convert the ground floor into one retail space with
100 feet of frontage on 125 th Street, he told the Observer.
“The retail rents are going so high over there,” Khodadadian told the Observer of the area. “Credited
tenants are moving up there more and more.” [NYO] – Julie Strickland
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