LEASEDRetail
First National Bank Of Long Island Leases 2,000 Square Feet Retail Space In College Point
132-07 14th Ave
Building Size
2,000 SF
Asset Type
Retail
Closing
Jan 1, 2016
AI
The asset involved in this lease transaction is a retail space located at 132-07 14th Ave, College Point, covering an area of 2000.0 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 132-07 14th Ave
- Market: College Point
- Square Feet: 2000.0
- Tenant: First National Bank Of Long Island
- Landlord: Ciampa Organization
- Broker Representatives: Thomas Caliendo - Tide Realty Group, Etan Shalem - Not specified
The deal involves First National Bank Of Long Island as the tenant and Ciampa Organization serving as the landlord, with representation from Thomas Caliendo of Tide Realty Group and an unspecified representative for Etan Shalem.
Players
College Point 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93