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5717 Bergenline Avenue

Knv Nail Salon Signs 10-Year Lease At 5717 Bergenline Avenue In West New York
LEASEDRetail

Knv Nail Salon Signs 10-Year Lease At 5717 Bergenline Avenue In West New York

5717 Bergenline Avenue

$60

$60/SF

Building Size

1,800 SF

Asset Type

Retail

Closing

Dec 6, 2022

AI

The retail property located at 5717 Bergenline Avenue in West New York has recently been leased. The asset offers 1,800 square feet of space and was leased for a term of 10 years. The landlord of the property is Jason Hoffman & Family, while the tenant is Knv Nail Salon. The leasing transaction was facilitated by Josh Augenbaum of Augenbaum Realty Corp.

Summary of Transaction Details

  • Property Type: Retail
  • Asking Rent: $60/ft.
  • Lease Term: 10 years
  • Landlord: Jason Hoffman & Family
  • Tenant: Knv Nail Salon
  • Broker: Josh Augenbaum - Augenbaum Realty Corp

This lease agreement demonstrates the successful collaboration between Jason Hoffman & Family as the landlord and Knv Nail Salon as the tenant. With a lease term of 10 years, it allows Knv Nail Salon to operate their business in the retail space located at 5717 Bergenline Avenue in West New York. The lease transaction was facilitated by Josh Augenbaum from Augenbaum Realty Corp.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker

Jason Hoffman

Family

Landlord

$19.3M

vol

8 deals

Landlord
KS
Knv Nail SalonTenant

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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93