Nile Dispensary Leases 8500 SF Retail Space At 5409-5411 Bergenline Avenue From Ortega Associates
5411 Bergenline Avenue
Building Size
8,500 SF
Asset Type
Retail
Closing
Jul 15, 2025
AI
The asset involved in this transaction is a retail space located at 5409-5411 Bergenline Avenue in West New York, encompassing a total of 8,500 square feet. The lease was executed between Ortega Associates as the landlord and Nile Dispensary as the tenant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 5409-5411 Bergenline Avenue
- Market: West New York
- Landlord: Ortega Associates
- Tenant: Nile Dispensary
- Brokers: Lew Finkelstein, CJ Huter & Chris Conway - The Goldstein Group
This transaction was orchestrated by key brokers Lew Finkelstein, CJ Huter, and Chris Conway, representing the leasing interests of Nile Dispensary. The deal marks a significant step in the ongoing growth of cannabis retail operations within New Jersey.
Players
West 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93