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
West Sayville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
Deal FAQ
Visit Luca DiCiero to view all their deals.
Browse West Sayville mixed use leases on Traded.
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