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
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