Uptown Dermatology Signs Retail Lease At 752 Saint Nicholas Avenue In Hamilton Heights
752 Saint Nicholas Avenue
$54
$54/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Dec 26, 2024
AI
The leased property is located at 752 Saint Nicholas Avenue in the Hamilton Heights market, featuring a retail space with a lease type categorized as a retail lease. The asking rent for this asset is set at $54 per square foot for a total area of 2,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $108,000
- Landlord: Adir Cohen - Renaissance Realty
- Tenant: Uptown Dermatology
- Landlord's Representative: Josh Augenbaum & Murray Mizrachi - Augenbaum Realty
- Tenant's Representative: Cooper Katz - ABS Partners Real Estate
The transaction involves key representatives such as Josh Augenbaum and Murray Mizrachi representing the landlord, while Cooper Katz represents the tenant, Uptown Dermatology. This collaboration emphasizes the roles of each party in facilitating the lease agreement for the property.
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
293759.26%
Cash-on-Cash
-83957.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93