Phenix Salon Suites Leases Retail Space At 115 Belmont Ave In Belleville
115 Belmont Avenue
$25
$25/SF
Building Size
8,040 SF
Asset Type
Retail
Closing
Aug 1, 2022
AI
The retail property located at 115 Belmont Ave in Belleville has been leased. The property has a total square footage of 8,040 and was leased for an asking rent of $25 per square foot. The landlord for the property is Black Oaks Development, and the tenant is Phenix Salon Suites. The lease transaction was facilitated by brokers Chris Conway from The Goldstein Group and David Townes & Alana Friedman from Cushman & Wakefield.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not mentioned in CONTEXT
This lease transaction involved the leasing of a retail property located at 115 Belmont Ave in Belleville. The property is part of a brand new mixed-use development, which is anchored by Superfresh Supermarket and Metrodoc Urgent Care. The remaining available space for lease includes 1,755-4,255 square feet in-line and 4,515 square feet available for a restaurant user. This lease deal was facilitated by brokers Chris Conway from The Goldstein Group and David Townes & Alana Friedman from Cushman & Wakefield.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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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