Nina Bianco Brokers Stack Creamery Lease In Westwood For 724-Square-Feet
287 Westwood Ave., Westwood, NJ, 07...
Building Size
724 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The custom ice cream sandwich shop Stack Creamery has officially opened at 287 Westwood Ave. in Westwood, New Jersey. The shop secured a 724-square-foot lease in the borough's Five Corners section. The lease agreement was brokered by NIA National Realty, a Paramus-based brokerage firm, with Vice President Nina Bianco overseeing the transaction. Patrons can enjoy locally made ice cream while customizing their choice of cookie, ice cream, and toppings at the new location.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Market: Westwood
- Tenant's Rep: Nina Bianco(NIA National Realty)
- Landlord: Unknown
- Square Feet: 724
The completion of the lease agreement for Stack Creamery was facilitated by Nina Bianco of NIA National Realty, bringing the ice cream sandwich shop to Westwood's Five Corners area. The business concept allows for a unique and personalized ice cream experience for customers, showcasing a variety of locally sourced ice cream flavors and toppings in a 724-square-foot space.
Players
Westwood CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93