Check Cashing Retail
For Sale
Contact for pricing
Pending
94 8th Ave, New York, NY 10011
Portfolio includes 11 properties with Payomatic leaseback across check cashing, office, and warehouse assets.
Property SizeContact for details
Days on Market149
Property Features for 94 8th Ave
General Information
Standard status
Pending
Property subtype
Retail, Mixed Use
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
6
Building Details
Tenancy
Single
Listing Agency:
ABS Partners Real Estate LLC Manhattan
Listed By:
Randy Modell · License #NY 10491208280
Source:
Crexi
Added: Apr 10
Changed: Aug 14
Last Checked: Sep 2 at 2:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ABS Partners Real Estate LLC Manhattan
Investment Insights
Based on property information with market context.
The Payomatic “Borough portfolio” consists of 11 properties that include nine check cashing locations, one corporate office, and one warehouse. As part of the sale, Payomatic will lease back each of the 11 locations, with nine operating under gross leases and the two non check cashing locations structured as net leases. The portfolio also includes 6 residential apartments and 18 commercial stores.
Payomatic is described as a credit tenant with 148 locations throughout the New York Metropolitan area, providing check cashing services along with money transfers, money orders, bill payments, prepaid debit cards, and other financial services. The offering is being marketed for an exclusive disposition of the portfolio.
This is a multi-asset portfolio opportunity combining retail check cashing operations with a corporate office component and warehouse space, supported by a leaseback from the tenant across all 11 properties.
Payomatic is described as a credit tenant with 148 locations throughout the New York Metropolitan area, providing check cashing services along with money transfers, money orders, bill payments, prepaid debit cards, and other financial services. The offering is being marketed for an exclusive disposition of the portfolio.
This is a multi-asset portfolio opportunity combining retail check cashing operations with a corporate office component and warehouse space, supported by a leaseback from the tenant across all 11 properties.
Key Highlights
- Portfolio of 11 properties across four boroughs and Long Island: 9 check cashing locations plus 1 corporate office and 1 warehouse
- Payomatic will lease back all 11 locations; tenant has 148 locations across the New York Metropolitan area
- Lease structure: 9 check cashing locations are gross leases; the 2 non‑check‑cashing locations are net leases
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
28,544
Businesses Nearby
Explore this area
Business Placement
Demographics for 10011, NY
53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Portfolio includes 11 properties with Payomatic leaseback across check cashing, office, and warehouse assets.
Where is this retail space located?
The property is located at 94 8th Ave New York, NY.
What are key features of this property?
This property features: Portfolio of 11 properties across four boroughs and Long Island: 9 check cashing locations plus 1 corporate office and 1 warehouse; Payomatic will lease back all 11 locations; tenant has 148 locations across the New York Metropolitan area; Lease structure: 9 check cashing locations are gross leases; the 2 non‑check‑cashing locations are net leases
