Discount Variety Store Best Deals Opening Harlem Outpost
Best Deals signed a 10-year lease to bring its discount deals to 219-231 West 125th Street in Harlem.
The discount variety store will be the only tenant in the one-story building, taking 5,000 square feet. Asking rent was $125 per square foot.
“Discount as a whole during the pandemic … has done exceptionally well [with] people looking for bargains,” said Augenbaum Realty‘s Josh Augenbaum, who brokered the deal on behalf of the tenant. “The area is only going to continue to get more dense, more fluid and more populated.”
The property is owned by Urban-Scape, a limited liability company managed by Esmald Corp. under President Aslan Bawabeh, according to property records. It sits between West 125th Street, also known as Dr. Martin Luther King Jr. Boulevard, between Adam Clayton Powell Jr. and Frederick Douglass boulevards.
The deal, finalized on Thursday, puts family-owned and operated Best Deals where a Popular Community Bank once stood in Harlem, near the landmark Apollo Theater, according to Augenbaum.
“They’re excited,” Augenbaum said. “They’ve been looking on the street for quite some time and they finally found the landlord to partner up with them.”
Augenbaum handled it for the landlord, while Oxford Property Group’s Michael Grabelsky and Gregg Slotnick of Slotco Realty Advisors represented the tenant. Slotnick declined to comment.