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1000 Westchester Avenue

Antillana Super Market Leases Retail Space At 1000 Westchester Avenue In Foxhurst
LEASEDRetail

Antillana Super Market Leases Retail Space At 1000 Westchester Avenue In Foxhurst

1000 Westchester Avenue

$60

$60/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Apr 19, 2023

AI

The retail property located at 1000 Westchester Avenue in Foxhurst has been leased. The tenant, Antillana Super Market, has signed a lease agreement with the landlord, Peter Fine Bolivar Development. The lease transaction was facilitated by broker Marc Sitt from KSR. The retail space offers approximately 5,100 square feet and was leased at an asking rent of $60 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 1000 Westchester Avenue
  • Market: Foxhurst
  • Tenant: Antillana Super Market
  • Landlord: Peter Fine Bolivar Development
  • Broker: Marc Sitt - KSR
  • Asking Rent: $60/ft
  • Square Footage: 5,100

This lease transaction involved Antillana Super Market as the tenant and Peter Fine Bolivar Development as the landlord. The deal was successfully negotiated by Marc Sitt from KSR. The retail space at 1000 Westchester Avenue in Foxhurst, with its desirable location and spacious layout, proved to be an ideal choice for Antillana Super Market's expansion plans.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker
Peter Fine

Peter Fine

Bolivar Development

Landlord

$477.2M

vol

20 deals

Landlord

Market 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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93