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1625-1649 Northern Blvd

Talbots Signs Lease For 6,500 Square Feet Retail Space At 1625-1649 Northern Blvd With Landlord George Bahar
LEASEDRetail

Talbots Signs Lease For 6,500 Square Feet Retail Space At 1625-1649 Northern Blvd With Landlord George Bahar

1625-1649 Northern Blvd

Building Size

6,500 SF

Asset Type

Retail

Closing

Dec 31, 2015

AI

The property asset involved in this transaction is a retail space located at 1625-1649 Northern Blvd in the Manhasset market. The asset spans a total area of 6,500 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 1625-1649 Northern Blvd
  • Market: Manhasset
  • Square Feet: 6,500.0
  • Tenant: Talbots
  • Landlord: George Bahar
  • Broker Representatives: Brian Schuster - Ripco, Thomas Caliendo - Tide Realty Group

The key individuals involved in this lease transaction include landlord George Bahar and tenant Talbots, with brokerage representation provided by Brian Schuster from Ripco and Thomas Caliendo from Tide Realty Group, bringing their expertise to the deal.

Players

Brian Schuster

Ripco

Broker

$12.8M

vol

3 deals

Broker
GB
George BaharLandlord
T
TalbotsTenant

Manhasset 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