A Retail Space Leases To Farmacia Viva At 1317 Saint Nicholas Avenue
1317 Saint Nicholas Avenue
$100
$100/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jun 30, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 1317 Saint Nicholas Avenue in the Washington Heights market. The lease type is a Modified Gross Lease for a space measuring 1,200 square feet with an asking rent of $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Square Footage: 1,200
- Address: 1317 Saint Nicholas Avenue
- Market: Washington Heights
- Tenant: Farmacia Viva
- Landlord's Representative: Noam Aziz - Meridian Capital Group
- Tenant's Representative: Nathan Aballi - Kassin Sabbagh Realty
Noam Aziz and Nathan Aballi played pivotal roles in this transaction, representing the interests of the landlord and tenant, respectively. Their involvement facilitated the leasing process within the competitive Washington Heights market.
On the Map
$100
$100/SF
Retail
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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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93