Updated Oct 29, 2024
The Gyro Project Leases Retail Space At 2151 Lemoine Avenue In Fort Lee
2151 Lemoine Ave, Fort Lee, NJ 07024, USA
Building Size
3,300 SF
Asset Type
Retail
Closing
Oct 27, 2022
About this deal
AI
The retail property located at 2151 Lemoine Avenue in Fort Lee has been leased. The asset encompasses approximately 3,300 square feet. The transaction was completed on October 27, 2022. The landlord for this property is Ashkenazy Acquisitions, while the tenant is The Gyro Project. The leasing deal was facilitated by Bruce Herman from Booth Capital. The asking rent for the space was $72 per square foot.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: Not applicable (lease)
- Square Footage: 3,300
- Address: 2151 Lemoine Avenue
- Market: Fort Lee
Bruce Herman from Booth Capital represented the tenant, The Gyro Project, in this leasing transaction.
Players
New Jersey Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
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