Updated Jul 23, 2025
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
About this deal
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