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
About this deal
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.
On the Map
$132
$132/SF
Retail
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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