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
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].
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93