Restaurant Depot Leases Retail Space In Staten Island, NY
1745 South Ave.
$25
$25/SF
Building Size
64,065 SF
Asset Type
—
Closing
Jul 26, 2022
AI
The retail property located at 1745 South Ave. in Staten Island has been leased in a deal facilitated by Allie Beyda from Metropolitan Skyline Realty. The property, spanning 64,065 square feet, was leased by Restaurant Depot. The landlord, A & H Acquisitions represented by Alex Adjmi, agreed to an asking rent of $25 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 1745 South Ave.
- Market: Staten Island
- Landlord: A & H Acquisitions - Alex Adjmi
- Tenant: Restaurant Depot
- Broker: Allie Beyda - Metropolitan Skyline Realty
- Asking Rent: $25/ft.
- Square Footage: 64,065
Allie Beyda from Metropolitan Skyline Realty played a crucial role as the broker representing Restaurant Depot in this lease deal. The landlord, A & H Acquisitions, led by Alex Adjmi, agreed to lease the retail property at 1745 South Ave. in Staten Island. The sizeable space spans over 64,065 square feet and an asking rent of $25 per square foot was agreed upon.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93