Jay Banks Leases Retail Space To Flor Palida Cafe At 755 Saint Nicholas Avenue For $83/ft
755 Saint Nicholas Avenue
$83
$83/SF
Building Size
800 SF
Asset Type
Retail
Closing
Jun 1, 2026
About this deal
AI
The retail asset located at 755 Saint Nicholas Avenue in Harlem consists of 800 square feet and is leased for a term of 5 years under a Modified Gross Lease. The asking rent is $83 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $66,400
- Landlord: Jay Banks
- Tenant: Flor Palida Cafe
- Brokers: Ben Biberaj, Brandt Lewis - IPRG Retail Leasing & Brandon Efap - Investment Property Realty Group
This transaction highlights the collaboration between the parties involved, including landlords and brokers working together to finalize the lease agreement for Flor Palida Cafe at the designated retail space.
On the Map
$83
$83/SF
Retail
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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
191120.48%
Cash-on-Cash
-54622.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93