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
About this deal
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.
On the Map
$75
$75/SF
Retail
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Players
Market 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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93