24H Laundromat Leases Retail Space In West Babylon, Long Island
109 W 144th St, New York, NY 10030, USA
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 5, 2020
AI
A retail property located at 144 New York 109 in West Babylon, Long Island has been leased. The property has a total area of 2,000 square feet. The leasing transaction took place on 08/06/2020.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $35
- Square Footage: 2,000
- Tenant: 24H Laundromat
- Landlord: United Properties
- Broker: Nicolas Nitu - @HabendumRe
Nicolas Nitu, a representative from Habendum Real Estate, facilitated the leasing transaction. Habendum Real Estate specializes in commercial leasing and sales, representing landlords and tenants throughout the five boroughs. The company can be contacted at 917-261-6561. Nicolas Nitu can be reached directly at 917-885-4878.
Players
New York 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