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1320 Saint Nicholas Avenue

Adam Amsalem Leases Retail Space To Legacy Barber Salon At 1320 Saint Nicholas Avenue
LEASEDRetail

Adam Amsalem Leases Retail Space To Legacy Barber Salon At 1320 Saint Nicholas Avenue

1320 Saint Nicholas Avenue

$96

$96/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Dec 31, 2025

AI

The asset involved in this transaction is a retail space located at 1320 Saint Nicholas Avenue in the Washington Heights market. The property features a lease with an asking rent of $96 per square foot for a total space of 1,000 square feet. The lease term is set for 10 years, and it operates under a modified gross lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $96/ft
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Address: 1320 Saint Nicholas Avenue
  • Market: Washington Heights
  • Landlord: Adam Amsalem
  • Tenant: Legacy Barber Salon
  • Brokers: Aryeh Vilinsky & Cailen Shah - Tahari Realty

The key individuals in this transaction include landlord Adam Amsalem and tenant Legacy Barber Salon. The deal was facilitated by brokers Aryeh Vilinsky and Cailen Shah from Tahari Realty, representing the interests of the parties involved.

Players

Aryeh Vilinsky
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Aryeh Vilinsky

Tahari Realty

Broker

63 deals

Broker
Tahari Realty
Tahari 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

165239.58%

Cash-on-Cash

-47225.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93