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
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