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
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