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701 West 135th Street

Building Efficiency Services Leases Retail Space At 701 West 135th Street For $60/ft
LEASEDRetail

Building Efficiency Services Leases Retail Space At 701 West 135th Street For $60/ft

701 West 135th Street

$60

$60/SF

Building Size

19,000 SF

Asset Type

Retail

Closing

Feb 10, 2026

AI

The property asset involved in this transaction is a retail space located at 701 West 135th Street in Hamilton Heights. The property features a total square footage of 19,000 and is leased at an asking rent of $60 per square foot. The lease type is classified as a Single Net Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 701 West 135th Street
  • Market: Hamilton Heights
  • Landlord: Rick Serrapica - Castellan Real Estate Partners
  • Tenant: Building Efficiency Services
  • Brokers: John Roesch & Griffin Hanes - Meridian Capital Group
  • Lease Type: Single Net Lease
  • Square Footage: 19,000
  • Asking Rent: $60/ft

The key individuals and companies involved in the transaction include Rick Serrapica representing the landlord Castellan Real Estate Partners, and Building Efficiency Services as the tenant. John Roesch and Griffin Hanes from Meridian Capital Group acted as the brokers for this lease agreement. Additionally, it is noted that the lease encompasses the full building and includes a billboard lease.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker
Castellan Real Estate Partners
Castellan Real Estate PartnersLandlord

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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93