Halper Family Medical Leases Retail Space At 161-173 Rockaway Avenue In Long Island
161 Rockaway Ave, Valley Stream, New York 11580, United States
Building Size
1,350 SF
Asset Type
Retail
Closing
Sep 18, 2022
About this deal
AI
The retail property at 161-173 Rockaway Avenue in Long Island has been leased. The transaction took place on 09/19/2022. The property spans 1,350 square feet and is located in the Long Island market.
Summary of transation details
- Property Type: Retail
- Tenant: Halper Family Medical - Todd Halper
- Landlord: Pervez Khan
- Brokers: Luca Di Ciero ([email protected]) & Giuseppe Gregorio ([email protected]) - NY Space Finders Inc.
- Asking Rent: $31/ft.
The lease was negotiated by Luca Di Ciero and Giuseppe Gregorio, representatives from NY Space Finders Inc. The tenant, Halper Family Medical, will be occupying the leased space.
Players
Valley Stream 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