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56 Halsey Street

Joseph Milone Leases Retail Space To Taco Bees At 56 Halsey Street Newark For $72/ft
LEASEDRetail

Joseph Milone Leases Retail Space To Taco Bees At 56 Halsey Street Newark For $72/ft

56 Halsey Street

$72

$72/SF

Building Size

2,250 SF

Asset Type

Retail

Closing

Jul 15, 2025

AI

The property located at 56 Halsey Street in Newark is a retail asset comprising 2,250 square feet with an asking rent of $72 per square foot. The lease is structured as a Modified Gross Lease, making it suitable for a variety of retail businesses.

Summary of transaction details:

This transaction involved a leased property with active representation from both the landlord and tenant. The landlord, Joseph Milone, was represented by Ryan Starkman of Pierson RE, while Taco Bees was represented by a team from Meridian Capital Group consisting of Allen Villafranca, Nathaniel Abitbol, Noam Aziz, and Carson Shahrabani.

Players

Ryan Starkman

Pierson Commercial

Broker

7 deals

Broker
Pierson Commercial
Pierson CommercialBrokerage

Newark 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

220319.44%

Cash-on-Cash

-62967.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93