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754 Saint Nicholas Avenue

Updated Dec 4, 2024

Uptown Strength Signs 10-Year Lease For Retail Space In Sugar Hill
LEASEDRetail

Uptown Strength Signs 10-Year Lease For Retail Space In Sugar Hill

754 Saint Nicholas Avenue

$50

$50/SF

Building Size

2,200 SF

Asset Type

Retail

Closing

Jan 26, 2024

About this deal

AI

The retail property located at 754 Saint Nicholas Avenue in Sugar Hill has been leased to Uptown Strength. The lease term is for 10 years under a Modified Gross Lease agreement. The asking rent for the 2,200 square feet space was $50 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 754 Saint Nicholas Avenue
  • Market: Sugar Hill
  • Landlord: Adir Cohen- Renaissance Realty Group
  • Tenant: Uptown Strength
  • Brokers: Josh Augenbaum & Murray Mizrachi - Augenbaum Realty
  • Lease Type: Modified Gross Lease
  • Lease Term: 10 Years

The lease agreement was facilitated by brokers Josh Augenbaum and Murray Mizrachi from Augenbaum Realty. They successfully concluded the deal within two weeks of exclusivity. It's worth noting that there is one more space available in the property, which comes with existing restaurant equipment and venting. For any vacancies or inquiries about filling up the available space, interested parties can contact [email protected] or [email protected].

On the Map

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$50

$50/SF

Retail

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Players

Josh Augenbaum

Augenbaum Realty

Broker

$662.2M

vol

154 deals

Broker

Adir Cohen

Renaissance Realty Group

Landlord

$29.6M

vol

12 deals

Landlord
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New York Retail Market Snapshot

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Deal FAQ

About $50 per square foot on a published $50 for 2,200 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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