Seth Haberman Leases Retail Space To Fly Deals At 1285 Saint Nicholas Avenue In Washington Heights
1285 Saint Nicholas Avenue
$80
$80/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jan 13, 2025
AI
The property involved in the transaction is a retail asset located at 1285 Saint Nicholas Avenue in the Washington Heights market. It has an asking rent of $80 per square foot and encompasses a total square footage of 3,000. The lease type for this property is classified as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $240,000
- Address: 1285 Saint Nicholas Avenue
- Landlord: Seth Haberman
- Tenant: Fly Deals
- Brokers: Freddy Souid, Jack Hamadani & Joshua Berkun - KSR
- Date: 01/13/2025
The deal features the representation of the tenant Fly Deals by brokers Freddy Souid, Jack Hamadani, and Joshua Berkun from KSR, who facilitated the agreement between the landlord and the tenant.
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