Adam Amsalem Of Black Spruce Management Leases Retail Space To Rosemery Tax Services In Washington Heights
1234 Saint Nicholas Avenue
$67
$67/SF
Building Size
800 SF
Asset Type
Retail
Closing
Jun 9, 2025
AI
This retail lease transaction took place at 1234 Saint Nicholas Avenue in the Washington Heights market. The asking rent for the property was $67 per square foot, and the total square footage is 800 SF.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $67/ft
- Address: 1234 Saint Nicholas Avenue
- Market: Washington Heights
- Landlord: Adam Amsalem - Black Spruce Management
- Tenant: Rosemery Tax Services
- Landlord's Rep: Aryeh Vilinsky - BH Realty
- Tenant's Rep: Danny Heredia - Meridian Capital Group
- Lease Type: Retail Lease
Key individuals involved in this transaction include landlord Adam Amsalem from Black Spruce Management, representing the property, and tenant Rosemery Tax Services. The landlord was represented by Aryeh Vilinsky from BH Realty, while Danny Heredia from Meridian Capital Group represented the tenant.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
236761.19%
Cash-on-Cash
-67667.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93