facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Retail

/

Lease

/

5717 Bergenline Avenue, Wes...

Altice Leases Retail Space At 5717 Bergenline Ave In West New York
LEASEDRetail

Altice Leases Retail Space At 5717 Bergenline Ave In West New York

5717 Bergenline Avenue, West New York, New Jersey 07093, United States

Building Size

2,256 SF

Asset Type

Retail

Closing

Jun 7, 2022

AI

Altice has leased a retail space at 5717 Bergenline Ave in West New York. The property spans 2,256 square feet and was leased for an asking rent of $60 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 5717 Bergenline Ave
  • Market: West New York

The landlord of the property is Jason Hoffman & Family. Altice signed the lease agreement with the representation of Josh Augenbaum from Augenbaum Realty Corp. and Jake Fratzman from Ripco Real Estate.

Note from Augenbaum Realty NY: A neighboring property at 5715 Bergenline Ave is also available for lease, previously occupied by T Mobile and measuring around 1,800 square feet. The asking rent for this space is $65 per square foot.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker

Jason Hoffman

Family

Landlord

$19.3M

vol

8 deals

Landlord

West New York 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93