facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Retail

/

Lease

/

5411 Bergenline Avenue

Nile Dispensary Leases 8500 SF Retail Space At 5409-5411 Bergenline Avenue From Ortega Associates
LEASEDRetail

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

Christopher Conway

Atlantic Coastal Real Estate

Broker

$12.1M

vol

40 deals

Broker
The Goldstein Group
The Goldstein GroupBrokerage

West New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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