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1500 Old Country Rd, Westbu...

Beyond Van Gogh: The Immersive Experience Leases Retail Space At 1500 Old Country Rd. In Westbury, Long Island
LEASEDRetail

Beyond Van Gogh: The Immersive Experience Leases Retail Space At 1500 Old Country Rd. In Westbury, Long Island

1500 Old Country Rd, Westbury, NY 11590, USA

$40

$40/SF

Building Size

30,000 SF

Asset Type

Retail

Closing

Sep 30, 2022

AI

The retail property located at 1500 Old Country Rd. in Westbury, Long Island has been leased to Beyond Van Gogh: The Immersive Experience. The property is owned by Lesso Mall Development, DBA Samanea New York, with Dominic Coluccio representing the landlord. The leasing of the property was facilitated by Herbert Agin, Matthew Kucker, and Jordan Barch from Colliers International. The lease transaction was finalized on September 30, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 1500 Old Country Rd.
  • Market: Westbury, Long Island

The Beyond Van Gogh: The Immersive Experience lease agreement was signed for a space of approximately 30,000 square feet, with an asking rent of $40 per square foot.

Players

LD
Lesso Mall DevelopmentLandlord

Westbury Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93