facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

220 Saint Nicholas Avenue

Big Apple RX Leases Retail Space At 220 Saint Nicholas Avenue From Landlord Justin Gorjian
LEASEDRetail

Big Apple RX Leases Retail Space At 220 Saint Nicholas Avenue From Landlord Justin Gorjian

220 Saint Nicholas Avenue

$120

$120/SF

Building Size

700 SF

Asset Type

Retail

Closing

Sep 11, 2024

AI

The property asset involved in the transaction is a retail space located at 220 Saint Nicholas Avenue, situated in the Harlem market of Manhattan. The retail lease pertains to a square footage of 700, with an asking rent of $120 per square foot.

Summary of transaction details:

The key individuals involved in the transaction include Justin Gorjian, representing the landlord through Gorjian Real Estate Group, and Big Apple RX as the tenant. The brokers facilitating the lease are Noam Aziz and Alec Namdar from Meridian Capital Group, playing an essential role in the deal's execution.

Players

Alec Namdar

Meridian Capital Group

Broker

35 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93