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1317 Saint Nicholas Avenue

A Retail Space Leases To Farmacia Viva At 1317 Saint Nicholas Avenue
LEASEDRetail

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

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.

Players

Nathan Aballi

Kassin Sabbagh Realty

Broker

$8.3M

vol

50 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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