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
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