94 8th Ave New York, NY 10011

Listing agency ABS Partners Real Estate LLC Manhattan

Listed by Randy Modell · License #NY 10491208280

Source Crexi

Added: Apr 10 Updated: Jul 20 at 6:26PM Checked: Jul 21 at 5:34AM

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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.

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

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FAQs

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