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6130 Bergenline Ave, West N...

LEASEDRetail

High Class Exotics Leases Retail Space At 6130 Bergenline Avenue In West New York

6130 Bergenline Ave, West New York, NJ 07093, USA

Building Size

1,200 SF

Asset Type

Retail

Closing

Nov 21, 2022

AI

The retail property located at 6130 Bergenline Avenue in West New York, NJ has been leased. The property spans 1,200 square feet and was leased by High Class Exotics LLC. The lease was facilitated by broker Chris Conway from The Goldstein Group on behalf of the landlord, The Devli Group. The asking rent for the property was $75 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not applicable
  • Address: 6130 Bergenline Avenue, West New York, NJ
  • Market: West New York, NJ
  • Tenant: High Class Exotics LLC
  • Landlord: The Devli Group
  • Broker: Chris Conway - The Goldstein Group
  • Asking Rent: $75 per square foot
  • Square Footage: 1,200

Chris Conway from The Goldstein Group, who represented the landlord in this transaction, has been involved in several deals on Bergenline Avenue in the past 18 months. If you're interested in leasing, purchasing, or selling properties in the area, you can contact Chris Conway at 201-703-9700 x143.

Players

TG
The Devli GroupLandlord
HL
High Class Exotics LLCTenant

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