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
About this deal
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.
On the Map
$80
$80/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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93