Luxe Jewelers Leases Retail Space At 1438 Saint Nicholas Avenue For $125 Per Ft In Washington Heights
1438 Saint Nicholas Avenue
$125
$125/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Aug 12, 2026
About this deal
AI
The property involved in this transaction is a retail space located at 1438 Saint Nicholas Avenue in the Washington Heights market. The asset features a total square footage of 1,500 and was leased at an asking rent of $125 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $187,500
- Landlord: Mirimar Management
- Tenant: Luxe Jewelers
- Landlord's Representative: Navahjo Navi Stoller - Navi Times Commercial Real Estate
- Brokers: David Sabbagh & Solomon Sharaby - KSR
- Lease Type: Retail Lease
This deal involved key representatives from the brokerage community, with David Sabbagh and Solomon Sharaby acting on behalf of the tenant, Luxe Jewelers. The representation by Navahjo Navi Stoller was crucial for the landlord, Mirimar Management, during this retail lease agreement.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93