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755 Saint Nicholas Avenue

Jay Banks Leases Retail Space To Flor Palida Cafe At 755 Saint Nicholas Avenue For $83/ft
LEASEDRetail

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

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:

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.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

194 deals

Broker

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