LEASEDRetail
El Conde Signs Retail Lease At 1261 St Nicholas Ave In Washington Heights For $110/ft
1261 Saint Nicholas Avenue
$110
$110/SF
Building Size
1,650 SF
Asset Type
Retail
Closing
Feb 7, 2024
AI
The retail property located at 1261 St Nicholas Ave in Washington Heights has been leased. The property spans across 1,650 square feet and was leased by El Conde.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not applicable
- Address: 1261 St Nicholas Ave
- Market: Washington Heights
The landlord for this lease transaction is Bronstein Properties. The lease was facilitated by brokers Joshua Berkun & Jack Hamadani from KSR.
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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93