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1 Park Avenue

JEMB Realty Leases Retail Space At 1 Park Point To Hook'd On Pets Amal Pilates Milk & Honey
LEASEDRetail

JEMB Realty Leases Retail Space At 1 Park Point To Hook'd On Pets Amal Pilates Milk & Honey

1 Park Avenue

$80

$80/SF

Building Size

6,188 SF

Asset Type

Retail

Closing

Jun 30, 2025

AI

The property involved in this transaction is located at 1 Park Point in Windsor Terrace. This retail asset has a square footage of 6,188 and the asking rent is set at $80 per square foot. The lease is structured as a Modified Gross Lease with a term of 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $80/ft
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Landlord: JEMB Realty
  • Tenants: Hook'd On Pets, Amal Pilates, Milk & Honey
  • Brokers: Fredy Halabi, Joy Vitale & Avi Akiva - Tri State Commercial Realty

This transaction is represented by brokers Fredy Halabi, Joy Vitale, and Avi Akiva from Tri State Commercial Realty, facilitating the lease agreement between JEMB Realty and the tenants. Each broker plays a crucial role in ensuring the successful execution of this lease deal.

Players

Fredy Halabi

Tri State Commercial Realty

Broker

$8.3M

vol

14 deals

Broker
Tri State Commercial Realty
Tri State Commercial RealtyBrokerage

Freeport 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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93