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1326 Saint Nicholas Avenue

Cricket Wireless Leases Retail Space At 1326 Saint Nicholas Avenue From Joshua Gotlib
LEASEDRetail

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

Daniel Rachline

Meridian Capital Group

Broker

12 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
Black Spruce Management
Black Spruce ManagementLandlord

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