Manna's Leases Retail Space At 320 Saint Nicholas Avenue In Harlem
320 Saint Nicholas Avenue, New York City, New York 10027, United States
Building Size
1,600 SF
Asset Type
Retail
Closing
Mar 7, 2022
About this deal
AI
A retail property located at 320 Saint Nicholas Avenue in Harlem has been leased. The property is approximately 1,600 square feet in size. The lease transaction was completed on March 8, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Date: March 8, 2022
- Address: 320 Saint Nicholas Avenue, Harlem
The tenant who leased the property is Manna's. The leasing of the property was facilitated by Rob Mulholland and Dane Harlowe from Meridian Retail Leasing. They represented Manna's in the deal.
The asking rent for the property was $97.50 per square foot. No additional information about the lease terms or other parties involved in the transaction was provided.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93