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

/

752 Saint Nicholas Avenue

PT Of The City Leases Retail Space At 752 Saint Nicholas Avenue In New York City
LEASEDRetail

PT Of The City Leases Retail Space At 752 Saint Nicholas Avenue In New York City

752 Saint Nicholas Avenue

$75

$75/SF

Building Size

1,250 SF

Asset Type

Retail

Closing

Nov 15, 2022

AI

The retail property located at 752 Saint Nicholas Avenue in New York City has been leased. The asset has a total area of 1,250 square feet. The landlord in this transaction is Renaissance Realty Group, represented by Adir Cohen, while the tenant is PT Of The City. The leasing deal was facilitated by Samuel Hartstein of Gemstone Realty Group LLC. The lease term is set for a period of 10 years, with an asking rent of $75 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 752 Saint Nicholas Avenue
  • Market: New York City

Samuel Hartstein from Gemstone Realty Group LLC played a crucial role as the broker representing the landlord, Renaissance Realty Group. His expertise and negotiation skills helped facilitate the lease agreement between the landlord and the tenant, PT Of The City.

Players

Renaissance Realty Group
Renaissance Realty GroupLandlord

Market 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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93