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
About this deal
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.
On the Map
Retail
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Players
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