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

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LEASED
$50

New York

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Retail2,200 SF
Leased 01/26/2024
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Property Image
LEASED

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

754 Saint Nicholas Avenue

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Retail2,200 SF
Leased 01/26/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$50
Total Square Footage:2,200 SF
Transaction Type:Lease

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].

Players

Josh Augenbaum
139 deals$652.8M volume(917) 417-7834
BROKER


Renaissance Realty Group
LANDLORD

Details

LEASED
IMAGE: Josh Augenbaum & Murray Mizrachi DATE: 01/26/2024 ADDRESS: 754 Saint Nicholas Avenue MARKET: Sugar Hill ASSET TYPE: Retail LANDLORD: Adir Cohen- Renaissance Realty Group TENANT: Uptown Strength BROKERS: Josh Augenbaum (@JoshAugenbaum) & Murray Mizrachi - Augenbaum Realty (@AugenbaumRealtyNYC) ASKING RENT: $50/ft ~ SF: 2,200 LEASE TYPE: Modified Gross Lease LEASE TERM: 10 Years NOTE FROM BROKER: Signed Lease within 2 Weeks of Exclusivity! We have 1 more space available on this property, with existing restaurant equipment and venting. Please Reach out to [email protected] or [email protected] for any vacancies that you are looking to fill up.

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Deal Type
Effective Rent (Annual)

$126,102.67

Total Lease Value

$1,261,026.72

Net Landlord Cash Flow$126,102.67