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1381 Saint Nicholas Avenue

Family Medical Supply Leases Retail Space At 1381 Saint Nicholas Avenue In Manhattan
LEASEDRetail

Family Medical Supply Leases Retail Space At 1381 Saint Nicholas Avenue In Manhattan

1381 Saint Nicholas Avenue

$132

$132/SF

Building Size

650 SF

Asset Type

Retail

Closing

Apr 30, 2025

AI

The retail property located at 1381 Saint Nicholas Avenue in Manhattan features a lease type identified as a Modified Gross Lease. It comprises 650 square feet and has an asking rent of $132 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $132/ft
  • Lease Type: Modified Gross Lease
  • Landlord: Krunal Vassani
  • Tenant: Family Medical Supply
  • Brokers: Daniel Rachline & Eli Marcus - Meridian Capital Group
  • Date of Transaction: 5/1/2025

In this transaction, Krunal Vassani acts as the landlord while Family Medical Supply is the tenant entering into the lease agreement. The brokers representing the deal are Daniel Rachline and Eli Marcus from Meridian Capital Group, facilitating the leasing process between the involved parties.

Players

Daniel Rachline

Meridian Capital Group

Broker

12 deals

Broker

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

120174.24%

Cash-on-Cash

-34346.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93