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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93