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14 Washington Avenue

Updated Dec 4, 2024

Bilt advertisement
Joe Vitale Signs 5-Year Retail Lease At 14 Washington Avenue In West Sayville, Long Island
LEASEDMixed-use

Joe Vitale Signs 5-Year Retail Lease At 14 Washington Avenue In West Sayville, Long Island

14 Washington Avenue

$28

$28/SF

Building Size

1,729 SF

Asset Type

Mixed-use

Closing

Jan 22, 2024

About this deal

AI

Located at 14 Washington Avenue in West Sayville, Long Island, this retail property has recently been leased. The transaction was facilitated by NY Space Finders, represented by brokers Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista.

Summary of Transaction Details

  • Property Type: Retail
  • Address: 14 Washington Avenue, West Sayville, Long Island
  • Tenant: Joe Vitale
  • Landlord: Naagel Aaraim
  • Brokers: Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista - NY Space Finders
  • Asking Rent: $28 per square foot
  • Lease Term: 5 years
  • Square Footage: 1,729

The leasing deal at 14 Washington Avenue involved Joe Vitale as the tenant, while Naagel Aaraim acted as the landlord. NY Space Finders, represented by brokers Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista, played a crucial role in facilitating the transaction. The lease was signed for a term of 5 years at an asking rent of $28 per square foot. The property spans a total of 1,729 square feet.

Players

Luca DiCiero

NY Space Finders

Broker

$128.9M

vol

159 deals

Broker

Naagel Aaraim

Landlord

$1.2M

vol

2 deals

Landlord

West Sayville Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Deal FAQ

About $28 per square foot on a published $28 for 1,729 square feet (2024).

Visit Luca DiCiero to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

566535.71%

Cash-on-Cash

-161917.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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