Southdown Coffee Leases Retail Space At 1 Village Green Way, Patchogue
1 Village Green Way, Patchogue, NY...
Building Size
2,126 SF
Asset Type
Retail
Closing
Aug 27, 2022
About this deal
AI
The property involved in the transaction is a retail asset located at 1 Village Green Way, Patchogue, NY. Spanning 2,126 square feet, the asset is situated in the bustling market of Patchogue, specifically within the New Village at Patchogue mixed-use development.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1 Village Green Way, Patchogue, NY
- Market: Patchogue
- Landlord's Rep: Maria Valanzano (Colliers International), Steven D’Orazio (Colliers International)
- Tenant: Southdown Coffee
- Landlord: TRITEC Real Estate Company
- Square Feet: 2,126
The key individuals and companies involved in this transaction were Senior Managing Directors Maria Valanzano and Steven D’Orazio from Colliers International. They represented both the landlord, TRITEC Real Estate Company, and the tenant, Southdown Coffee, in securing the lease at the vibrant New Village at Patchogue location. The New Village development, which was completed in 2014, has significantly contributed to the revitalization of Patchogue, offering a mix of residential, retail, and office spaces that have enhanced the community's appeal.
On the Map
Retail
View full map
Players
Patchogue Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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