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971 Columbus Avenue

Steven Oved Leases Retail Space At 971 Columbus Avenue To NYC Wash N' Fold In Manhattan Valley
LEASEDRetail

Steven Oved Leases Retail Space At 971 Columbus Avenue To NYC Wash N' Fold In Manhattan Valley

971 Columbus Avenue

$80

$80/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Oct 8, 2025

AI

The retail asset located at 971 Columbus Avenue in the Manhattan Valley market has a size of 1,200 square feet. The asking rent for this property is $80 per square foot, and it is structured under a Single Net Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $80/ft
  • Address: 971 Columbus Avenue
  • Market: Manhattan Valley
  • Lease Type: Single Net Lease
  • Landlord: Steven Oved
  • Tenant: NYC Wash N' Fold
  • Landlord's Rep: Noam Aziz & Ariel Ilian - Meridian Capital Group
  • Tenant's Rep: Myles Vandell - Meridian Capital Group

This transaction involved significant representation from Meridian Capital Group, with Noam Aziz and Ariel Ilian representing the landlord, Steven Oved, and Myles Vandell representing the tenant, NYC Wash N' Fold. The collaborative efforts among these individuals facilitated the lease negotiation process.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker

Steven Oved

Landlord

$22.2M

vol

5 deals

Landlord

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93