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287 Westwood Ave., Westwood...

Nina Bianco Brokers Stack Creamery Lease In Westwood For 724-Square-Feet
LEASED

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

Nina Bianco

NIA National Realty

Broker

2 deals

Broker

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