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1234 Saint Nicholas Avenue

Adam Amsalem Of Black Spruce Management Leases Retail Space To Rosemery Tax Services In Washington Heights
LEASEDRetail

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

Aryeh Vilinsky
Verified Badge

Aryeh Vilinsky

Tahari Realty

Broker

63 deals

Broker
BH Realty
BH RealtyBrokerage
Black Spruce Management
Black Spruce ManagementLandlord

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