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141 Birch Hill Road

Vincent Liotta Leases Retail Space To Donald Toro In Locust Valley
LEASEDRetail

Vincent Liotta Leases Retail Space To Donald Toro In Locust Valley

141 Birch Hill Road

$30

$30/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Feb 7, 2024

AI

Located at 141 Birch Hill Road in Locust Valley, the retail property was leased by Vincent Liotta to tenant Donald Toro. The lease, facilitated by NY Space Finders represented by Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista, spans 1,200 square feet with an asking rent of $30 per square foot. The lease term is for 5 years with an option to renew.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Specified
  • Address: 141 Birch Hill Road
  • Market: Locust Valley
  • Landlord: Vincent Liotta
  • Tenant: Donald Toro
  • Brokers: Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista - NY Space Finders
  • Asking Rent: $30/ft
  • Lease Type: Retail Lease
  • Lease Term: 5 years plus option

The collaboration among Vincent Liotta as the landlord, Donald Toro as the tenant, and the broker team of Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista played a vital role in finalizing the retail lease transaction at 141 Birch Hill Road in Locust Valley.

Players

Luca DiCiero

NY Space Finders

Broker

$124.3M

vol

152 deals

Broker

Locust Valley 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

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93