David Smetana Leases Retail Space To Washington Heights Laundromat On Saint Nicholas Avenue

The retail asset located at 1662 Saint Nicholas Avenue in the Washington Heights market has a lease term of 15 years and features a total square footage of 3,200. The property is currently leased to Washington Heights Laundromat under a modified gross lease agreement with an asking rent of $50 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $50/ft
• Address: 1662 Saint Nicholas Avenue
• Market: Washington Heights
• Lease Term: 15 Years
• Lease Type: Modified Gross Lease
• Landlord: David Smetana
• Tenant: Washington Heights Laundromat
• Broker: Fredy Bagdadi - Tri State Commercial Realty

Fredy Bagdadi represents the landlord, David Smetana, in this lease transaction, facilitating the agreement with Washington Heights Laundromat. The deal underscores the ongoing demand for retail spaces in the Washington Heights area.