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:
- Property Type: Retail
- Transaction Amount: $72/ft
- Square Footage: 2,250
- Address: 56 Halsey Street
- Market: Newark
- Landlord: Joseph Milone
- Tenant: Taco Bees
- Landlord's Representative: Ryan Starkman - Pierson RE
- Tenant's Representatives: Allen Villafranca, Nathaniel Abitbol, Noam Aziz & Carson Shahrabani - Meridian Capital Group
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
Newark 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
220319.44%
Cash-on-Cash
-62967.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93