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
About this deal
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.
The retail lease at 1261 Saint Nicholas Avenue in New York, New York leased for $110 in 2024. The building is 1,650 square feet, implying about 110 per square foot on the published price. Jack Hamadani, Joshua Berkun, Kassin Sabbagh Realty appear on the lease alongside Kassin Sabbagh Realty. This page is the New York, New York file for the 1261 Saint Nicholas Avenue retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 1261 Saint Nicholas Avenue around 2024. Published consideration for 1261 Saint Nicholas Avenue is $110, dated 2024. Cite this El Conde Signs Retail Lease At 1261 St Nicholas Ave In Washington Heights For $110/ft lease when underwriting similar retail product around New York, New York.
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