Updated Nov 10, 2026
800 Saint Nicholas Avenue
800 Saint Nicholas Avenue
$5,525,000
$2,141/SF
Building Size
2,580 SF
Asset Type
Special Purpose
Closing
Oct 29, 2026
About this deal
AI
The Property located at 800 Saint Nicholas Avenue in Manhattan is a special purpose asset, particularly a NNN gas station located in the Sugar Hill submarket of Harlem. The sale price recorded for this transaction is $5,525,000, with a total square footage of 2,580, resulting in a price per square foot of $2,141.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $5,525,000
- Address: 800 Saint Nicholas Avenue
- Market: Manhattan
- Square Footage: 2,580
- Price per Square Foot: $2,141
- Lease Type: NNN
- Lease Expiration: March 2033
- Options: Four (4) 5-Year options extending until March 2055
- Number of Fuel Pumps: Six
- Auto Repair Workshop: Licensed with two garage bays
- Convenience Store: Present
The deal was facilitated by brokers Robert Shapiro, Ian Brooks, Nicholas Kontos, and David Garcia, representing CBRE as the exclusive agent. They successfully managed the transaction, which involved a fully operational gas station featuring a long-term lease with an experienced operator, inclusive of annual rent escalations of 2%.
On the Map
$5,525,000
$2,141/SF
Special Purpose
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Players
New York Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.87%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93