Updated Oct 29, 2024
Dorf Associates Leases Industrial Space To Party Fiesta New York In Bay Shore
35 Corbin Ave Bay Shore, NY 11706, USA
$24
$24/SF
Building Size
1,000 SF
Asset Type
Industrial
Closing
Aug 17, 2023
About this deal
AI
Dorf Associates has leased out 1,000 square feet of industrial space located at 35 Corbin Avenue in Bay Shore. The tenant, Party Fiesta New York, will be occupying the property. The asking rent for the space is $24.60 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Lease
- Address: 35 Corbin Avenue, Bay Shore
- Market: Bay Shore
- Landlord: Dorf Associates
- Tenant: Party Fiesta New York
- Asking Rent: $24.60/ft
- Square Footage: 1,000
The lease deal was brokered by 's representative on behalf of the landlord, Dorf Associates. Party Fiesta New York will now have a presence in the Bay Shore industrial market, thanks to this transaction.
On the Map
$24
$24/SF
Industrial
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Players
Bay Shore Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
660958.33%
Cash-on-Cash
-188903.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93