Cricket Wireless Leases Retail Space At 1326 Saint Nicholas Avenue From Joshua Gotlib
1326 Saint Nicholas Avenue
$126
$126/SF
Building Size
380 SF
Asset Type
Retail
Closing
Feb 28, 2025
AI
The property asset involved in this transaction is a retail space located at 1326 Saint Nicholas Avenue in the Manhattan market. It features a leasing agreement under a Modified Gross Lease, with an asking rent set at $126 per square foot for a total area of 380 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $126/ft
- Address: 1326 Saint Nicholas Avenue
- Market: Manhattan
- Landlord: Joshua Gotlib - Black Spruce Management
- Tenant: Cricket Wireless
- Broker: Daniel Rachline - Meridian Capital Group
- Lease Type: Modified Gross Lease
The transaction involved Joshua Gotlib representing Black Spruce Management as the landlord, while Cricket Wireless has entered into the lease agreement, facilitated by broker Daniel Rachline from Meridian Capital Group. This negotiation marks a strategic rental for the tenant within a notable retail market.
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
125896.83%
Cash-on-Cash
-35981.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93