Vinny LaPuma & Joe Pirreca Lease Retail Space In Whitestone For 5 Years
1252b Clintonville Street
$23
$23/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Apr 24, 2024
About this deal
AI
Located at 1252 Clintonville Street in Whitestone, the retail property involved in this transaction features a lease with an asking rent of $23 per square foot for a total space of 1,000 square feet. The deal was finalized on April 24, 2024.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: John Kapsalis
- Tenant: Vinny LaPuma & Joe Pirreca
- Brokers: Luca DiCiero, Giuseppe Gregorio & Fabio Acquista - NY Space Finders
- Lease Type: Retail Lease
- Lease Term: 5 Years plus option
The deal was facilitated by Luca DiCiero, Giuseppe Gregorio, and Fabio Acquista from NY Space Finders, representing the landlord and tenants in this retail lease agreement.
Players
Whitestone Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Luca DiCiero to view all their deals.
Browse Whitestone retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
689695.65%
Cash-on-Cash
-197117.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93